Which of the following markets is not likely characterized by a monopolistically competitive market?
A)mobile telephone service
B)auto mechanic service
C)barbershops
D)jewelry

Question

Quizplus · Accepted Answer

Mobile telephone service is more likely to be characterized by an oligopoly due to the presence of a few large firms dominating the market, high barriers to entry, and significant economies of scale.

Which of the Following Markets Is Not Likely Characterized by a Monopolistically