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One example of monopolistic competition is the restaurant industry. Let’s say you want to buy a hamburger. You have a wide range of choices across different price points.
One example of natural monopolistic markets is in the railroad industry. Because there are significant barriers to entry , it's easier for companies to historically have less competition.
In monopolistic competition, there are many producers and consumers in the marketplace, ... As such, it is difficult to find real-life examples of perfect competition. Important.
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SmartAsset on MSNImperfect Competition: Investing Definition and Examples - MSNIn monopolistic competition, ... (SEC), can step in. Antitrust laws, for example, are designed to prevent monopolistic ...
In monopolistic competition, many firms sell similar but not identical products, ... Imperfect Competition Examples. The fast-food industry exemplifies monopolistic competition.
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