Which of the Following Is the Best Example of a Monopolistically

question 190

Multiple Choice

Which of the following is the best example of a monopolistically competitive industry?

• A) land-based long distance telephone service
• B) wheat farming
• C) the local electricity producer
• D) manufacturing of shirts
• E) cable television

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Definitions:

Supreme Court

The highest judicial court in a country or state, typically having the ultimate authority in legal matters and the power to decide appeals on all questions of law.

Canada

is a country in North America known for its vast landscapes, multicultural society, and bilingual nature (English and French being the official languages).

Mental Illness

A broad range of mental and emotional conditions that affect an individual's thinking, feeling, behavior, and interaction with others, often requiring clinical diagnosis and treatment.

Disability

A mental or physical condition that limits people’s everyday activities and restricts what they can do.