Asked by Anthony Espino on Jun 24, 2024

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Use your basic knowledge and your understanding of market structures to answer this question. Which of the following companies most closely approximates a monopolistic competitor?

A) Subway Sandwiches
B) Pittsburgh Plate Glass
C) Ford Motor Company
D) Microsoft

Monopolistic Competitor

A type of market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power.

  • Identify examples of industries that reflect characteristics of monopolistic competition.
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Owais RehmanJun 29, 2024
Final Answer :
A
Explanation :
Subway Sandwiches is the best example of a monopolistic competitor because it operates in a market with many sellers that offer similar but not identical products. In the case of Subway, it competes with numerous other fast-food and sandwich shops, each offering a differentiated product through unique recipes, branding, and customer experience.