Which industry is MOST likely to be monopolistically competitive?

A) automobile production
B) fresh bagel shops
C) corn farming
D) electric utility production

Fresh bagel shops are most likely to be monopolistically competitive because there are many unique competitors offering slightly different products (different flavors, toppings, etc.) but there are low barriers to entry and exit in the market. Automobile production and electric utility production are industries with high barriers to entry and tend to be dominated by a few large firms, resulting in an oligopoly or monopoly. Corn farming is a commodity market with standardized products, making it more likely to be a perfectly competitive market.