contestada

What example best describes the market structure of monopolistic

competition?

A. A farmers market features multiple stalls where farmers sell their

apples.

B. Several different restaurants compete for customers in a city

neighborhood.

C. A large company makes over half of the trains built in the country.

D. A city government owns and operates all waste management

services.

Respuesta :

adioabiola

The answer choice which best represents an example of a monopolistic competition is; Choice B; Several different restaurants compete for customers in a city neighborhood.

What is Monopolistic competition?

Monopolistic competition as the name implies is a type of imperfect competition characterized by the fact that there are many producers competing against each other, although selling products that are differentiated from one another and hence are not perfect substitutes.

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Answer:

b

Explanation: