Asked by

Sakku Calcuttawala
on Nov 26, 2024

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Which industry would be best characterized as monopolistically competitive?

A) smartphone manufacturing
B) Internet-search sites
C) web design consulting
D) business cloud-computing services

Monopolistically Competitive

describes a market structure where many firms sell products that are similar but not identical, leading to non-price competition.

Smartphone Manufacturing

The process of designing, producing, and assembling components to create smartphones.

Internet-Search Sites

Internet-Search Sites are platforms on the web that allow users to search for information across the Internet, providing access to a wide range of content through keywords and queries.

  • Determine examples across different industries exhibiting traits of monopolistic competition.
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Allyson MathewsDec 01, 2024
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