Final answer:
It is often not feasible to establish direct representation in markets with imperfect information about product quality, particularly in monopolistic competition, where numerous firms offer differentiated products.
Step-by-step explanation:
In markets where information about the quality of products is highly imperfect, it may be difficult for a market to exist, and thus, not feasible to establish direct representation. This typically happens in cases with monopolistic competition, where there are many firms with differentiated products or services. For instance, a shopping mall like the Mall of America exhibits monopolistic competition with its variety of specialized clothing stores. As consumers encounter imperfect information, which is common at the retail level, it can be challenging to accurately assess the value and quality of offerings, thereby complicating the establishment of direct representation.