contestada

In Washington, D.C., there are many coffee shops, each offering nearly
identical coffee but each shop located in a different place around the city. It
is likely a coffee shop in Washington, D.C., operates in a
A)
perfectly competitive market.
B)
monopolistically competitive market.
C)
monopoly market.
D)
oligopoly market.

Respuesta :

Answer:

The correct answer is B)  monopolistically competitive market.

Explanation:

Monopolistic competition is an imperfect type of competition in which there is a high number of sellers in the market that have a certain power to influence the price of their product.

The products offered are characterized by having some differentiation and it is precisely this differentiation that makes these companies enjoy a certain market power, have a certain voice when it comes to setting their prices and are not merely "price-acceptors", as in the case of perfect competition. Therefore, the graphic representation of monopolistic competition will be that of the right, imperfect competition.

Otras preguntas