Answer:
O C. Different businesses compete to sell similar products.
Explanation:
Here are the options :
A. Many businesses freely produce the same product.
O B. Only one business controls an entire industry.
O C. Different businesses compete to sell similar products.
O D. A few huge businesses control an industry.
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
Monopolistic competitive firms engage in advertising for their products
An example of monopolistic competition are restaurants
Answer:
A is correct
Explanation:
different businesses compete to sell similar products
