Which industry is an example of monopolistic competition

Independently owned and operated high-street stores and restaurants is an example of monopolistic competition.

Explanation:

The model of monopolistic competition describes a common market structure in which firms have many competitors, but each one sells a slightly different product.

Clothing industry - Marketing and branding is the main separator between different evidently similar black shirts. The fast-food industry - where a burger made by McDonald's is quite similar to a burger made by Burger King, though consumers usually have a preference between the two chains. Independently owned and operated high-street stores and restaurants - In the case of restaurants, each one offers something different and possesses an element of uniqueness, but all are essentially competing for the same customers.