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  • Which of the following industries is best characterized as monopolistically competitive?

    Posted by admin on March 10th, 2010 and filed under local telephone service |

    A. Toothpaste
    B. Crude oil
    C. Agriculture
    D. Local telephone service

    Is it D?

    Crude oil

    2 Responses

    1. Yeah Whatever Says:

      Crude oil
      References :

    2. oeynoj Says:

      Toothpaste.
      Monopolistically competitive industries are characterized by having many producers and suppliers and having product differentiation. Generally low barriers to entry. thus the best answer is A. The rest do not fit this description. :D
      References :

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