Asked by
Thelma Wright
on Nov 26, 2024Verified
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.
Verified Answer
MS
Learning Objectives
- Recognize instances in various sectors that demonstrate features of monopolistic competition.
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