A good example of a monopolistic competitive industry is

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The restaurant industry is a good example of a monopolistic competitive industry because there are many different types of restaurants offering a variety of cuisine and dining experiences. Each restaurant is able to differentiate itself through its menu, atmosphere, and service, creating a sense of product differentiation among the competition. However, there are low barriers to entry, as anyone can open a restaurant with capital and the necessary permits, so there are many competitors in the market.

A Good Example of a Monopolistic Competitive Industry Is