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Which describes a situation where monopolistic competition exists?

Question 5 options:

A small number of producers are selling identical products.


Many producers are selling slightly differentiated products.


Fewer than five producers command the entire market for a certain good or service.


A single producer is the only one selling a good or service with no close substitutes.

Respuesta :

Answer: when many producers are selling slightly differentiated products

Explanation:

cupcakegirly10

Answer:

Many producers are selling slightly differentiated products.

Explanation:

Monopolistic competition is a market structure that includes many producers providing products or services that are almost the same, but not quite identical. Retail clothing stores and the fast food industry are both good examples that belong to the structure of a monopolistic competition. There are many businesses selling similar products.

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