Question

which industries is most likely to be monopolistic competitive.
a) the automobile industry.
b) the steel industry
c) the car repair industry
d) electrical generating
industry​

Answer 1

Answer:

Monopolistically

Explanation:

Monopolistically competitive firms are most common in industries where differentiation is possible, such as:

The restaurant business.

Hotels and pubs.

General specialist retailing.

Consumer services, such as hairdressing.

Example 1 – Fast Food Company

The Fast Food companies like the McDonald and Burger King who sells the burger in the market are the most common type of example of monopolistic competition. The two companies mentioned above sell an almost similar type of products but are not the substitute of each other.

Answer 2

Answer:

Hey here is your answer

Explanation:

I guess that the Answer is The automobile industry

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