Asked by

Thelma Wright
on Nov 26, 2024

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In which industry is monopolistic competition most likely to be found?

A) utilities
B) agriculture
C) retail trade
D) mining

Utilities

Essential services provided to the public, including electricity, gas, water, and sewage services, often regulated due to their importance and natural monopoly characteristics.

Agriculture

The practice of cultivating the land, producing crops, and raising livestock for human consumption and use.

  • Recognize instances in various sectors that demonstrate features of monopolistic competition.
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Morgan SparksDec 02, 2024
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