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9 December, 06:36

Which of the following scenarios is an example of monopolistic competition?

A. Customers can choose among a limited number of Internet providers.

B. Only one company offers bus service to the town.

C. A new pizza shop promotes a unique new flavor of ice cream.

D. The price of silver rises due to an increase in consumer demand.

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Answers (2)
  1. 9 December, 06:38
    0
    B.

    The bus company has monopoly over the bus service in the town because it has no competitors.
  2. 9 December, 06:53
    0
    It's c, a pizza shop promotes a new flavor of ice cream - apex
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