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:

Behavioral Preference

Involves the selection of specific behaviors over others by an individual, often influenced by genetic, environmental, and psychological factors.

Genetic Differences

Variations in the DNA sequences among individuals, populations, or species that lead to diversity in traits, behaviors, and susceptibility to diseases.

Isthmus of Panama

A narrow strip of land connecting North and South America, significantly impacting ocean currents and global climate patterns, as well as migration of species.

Geographic Barrier

A physical or environmental feature that prevents the free movement of species, leading to genetic isolation and potentially speciation.