If "too much choice" is a problem for consumers, it would occur in which market structure(s)?
A)perfect competition
B)monopoly
C)monopolistic competition
D)perfect competition and monopolistic competition

Question

Quizplus · Accepted Answer

Monopolistic competition is characterized by a large number of firms offering similar but slightly differentiated products. This leads to a high degree of variety and choice for consumers, which can sometimes be overwhelming and result in decision paralysis. In perfect competition and monopoly, there is typically less choice available to consumers.

If "Too Much Choice" Is a Problem for Consumers, It