As you drive to school in the morning,you will probably flip through several radio stations before deciding to settle on one for the duration of the drive.For instance: you can listen to a "fair and balanced" talk show;an "intelligent talk" program;an interactive "call-in" talk show;a "right-wing" political talk show;a "self-improvement" talk show;and,even an "all sports" talk show.With so much monopolistic competition in radio programming,radio stations focus on offering you something just a little different.
Level of Learning 3: Application of principles

Question

Quizplus · Accepted Answer

This statement describes the application of the principle of monopolistic competition in the radio industry, where stations differentiate their programming to attract listeners.

As You Drive to School in the Morning,you Will Probably