The best scenario the monopolistic vain is as soon as a certain product or organization is preferred.
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EXAMPLES room . . .
A household decides to remain at specific hotel on vacation due to the fact that it has a swim pool with a slide.
A college college student chooses moving service based on the access of a SPECIFIC kind of phone.
C. A family members decides to continue to be at specific hotel on vacation since it has actually a swimming pool through a slide.
The example that best represents a monopolistic compete is alternative D) “A firm wins a contract to it is in the single provider the phone and cable television business for a city.”
Monopolistic competition constantly refers come a firm offering a service and has no other companies to contend with. In this case, consumers cannot choose among different carriers of the exact same service.
Options A and B room incorrect because in the examples there are companies and also chains completing one one more in a provided area.
Option C is additionally incorrect since a family is making a decision based upon the facilities available by a hotel which does not typical that there room no other hotels in the vacation area castle chose.
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