Question

Which of the following types of firms is most likely to be a monopolistic competitor?

A. A local telephone company
B. An automobile manufacturer
C. A restaurant
D. All of the above are likely to be monopolistic competitors.

Answer 1

C) A restaurant

Step-by-step explanation:

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another, so option C is more valid.