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2 votes
Which of the following markets is an example of monopolistic competition?

A. book bags (this is right, just comment for points sksk)


B. electricity


C. bus tickets


D. oranges

2 Answers

3 votes

the correct answer is A. book bags

User Kamal Paliwal
by
5.8k points
4 votes

The correct answer is A. Books bags. a good example of monopolistic competion is texbooks. The monopolistic competition has the next characteristics:

There are many producers and many consumers in the market. And there is no company that has control over the price.

Consumers notice there are non-price differences.

There are few barriers to entry and to exit the market.

Producers can have some control on the price.

User DsCpp
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4.8k points