Question

An example of a product with a monopolistically competitive market is

A-oil
B-an apple
C-clothing
D-a government service

Answer 1

C - Clothing

Explanation:

I took the test and got it right :))

Answer 2

C-clothing

Explanation:

Monopolistically competitive firms are most common in industries where differentiation is possible.

Here, option C - clothing is the answer.

Rest options are not Monopolistically competitive.

Other examples of Monopolistically competitive firms are restaurants, shoes etc.