Which of the Following Industries Is the Best Real-World Example

question 62

Multiple Choice

Which of the following industries is the best real-world example of monopolistic competition?

• A)soft drinks
• B)electricity generation
• C)automobiles
• D)computer software

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Definitions:

Synchronous Communication

Communication that happens in real time, where two or more people exchange information instantly.

Computer-mediated Groups

Teams or groups that interact and communicate primarily through computer systems and internet platforms.

Face-to-face Groups

Face-to-face groups involve direct, in-person interaction among members, allowing for immediate feedback and non-verbal communication.

Computer-mediated Groups

are social or work groups that interact and communicate primarily through digital devices and platforms, such as email, social media, and messaging applications.