Multiple Choice
Which of the following best illustrates a firm operating in a monopolistically competitive industry?
A) A foreign exchange company sells currencies of different countries at market prices as it cannot differentiate its products from its competitors.
B) A chain of multiplex theaters, along with its competitor, owns 80 percent of the multiplex market share.
C) An automobile manufacturer uses branding, pricing, and superior advertising to differentiate itself from a large number of other automobile manufacturers.
D) A railway company owned by the government of New Darvland owns 100 percent of the railway transport in the country.
Correct Answer:

Verified
Correct Answer:
Verified
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