Which of the following is most likely produced in a monopolistically competitive market

a) Chicago Board of trade

b) fast food industry

c) computer software industry

d) New York Stock Exchange

e) clothing industry

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Vaishnavi KanukurtiLv10

28 Oct 2020

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In many urban areas, the fast food industry is a common example of a market that is monopolistically competitive. Are there any barriers to entry for potential firms that might wish to enter the fast food industry? Also, what are the prospects for a new fast food restaurant to earn profit? Explain your answer.