Question

Which of these businesses are in monopolistic competition?

Answer 1

The fourth alternative is correct (D).

Monopolistic competition consists of an economic system where few companies compete with each other, but each has a relative monopoly power because they sell slightly differentiated products.

An example are the two telephone companies, which sell packages with price, minute, internet, etc. to compete for the same customer.

Answer 2

D. the service providers who offer benefits. They are offering similar if not the same things, plus additional if the customers leave the opposing business.