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Shkiper50 [21]
3 years ago
10

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

Social Studies
2 answers:
Black_prince [1.1K]3 years ago
6 0

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.

IrinaK [193]3 years ago
4 0

the correct answer is A. book bags

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