In Most Large Cities There Are a Large Number of Bakeries

Multiple Choice

In most large cities there are a large number of bakeries. These bakeries produce similar, but not identical, products. Some bakeries claim to have the best cheesecakes in town, while others brag about their cookies or specialty breads. The bakery market in a large city is an example of:

A) monopolistic competition.
B) perfect competition.
C) an oligopoly.
D) a monopoly.