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Mashutka [201]
3 years ago
12

A city block has several different clothing stores that offer a variety of options

Business
2 answers:
Ket [755]3 years ago
8 0

Answer:

Monopolistic competition

Explanation:

ape.x

pickupchik [31]3 years ago
5 0

Answer:

C. Monopolistic competition

Explanation:

Monopolistic competition describes a type of market structure with many firms competing, but each sells a slightly different product. In this case, there are several stores offering a variety of products to customers. This implies competition among sellers and differentiated products. Other features that identify a monopolistic competition include

  1. A large number of buyers and sellers:
  2. There are no restrictions to entry and exit of Firms:
  3. sellers have differentiated Products
  4. Each firm can set its price.
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During its most recent fiscal year, Dover, Inc. had total sales of $3,200,000. Contribution margin amounted to $1,500,000 and pr
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Answer:

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Explanation:

Giving the following information:

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