Answer:
C. Monopolistic competition
Explanation:
Monopolistic competition describes a type of market structure with many firms competing, but each sells a slightly different product. In this case, there are several stores offering a variety of products to customers. This implies competition among sellers and differentiated products. Other features that identify a monopolistic competition include
- A large number of buyers and sellers:
- There are no restrictions to entry and exit of Firms:
- sellers have differentiated Products
- Each firm can set its price.
