QuestionMay 26, 2025

Which of the following choices available to question 1 of 5 a consumer seeking to make a purchase does NOT represent a monopolistically competitive market? Deciding to purchase an iced coffee, an iced tea, or a smoothie. Pizza delivered from a local restaurant or franchise chain Lawn mowing services from a landscape company or college student start-up company A designer dress, a dress from a discount retailer, or a dress from a vintage store.

Which of the following choices available to question 1 of 5 a consumer seeking to make a purchase does NOT represent a monopolistically competitive market? Deciding to purchase an iced coffee, an iced tea, or a smoothie. Pizza delivered from a local restaurant or franchise chain Lawn mowing services from a landscape company or college student start-up company A designer dress, a dress from a discount retailer, or a dress from a vintage store.
Which of the following choices available to question 1 of 5
a consumer seeking to make a purchase does NOT
represent a monopolistically competitive market?
Deciding to purchase an iced coffee, an iced tea, or a smoothie.
Pizza delivered from a local restaurant or franchise chain
Lawn mowing services from a landscape company or college
student start-up company
A designer dress, a dress from a discount retailer, or a dress
from a vintage store.

Solution
4.3(324 votes)

Answer

Lawn mowing services from a landscape company or college student start-up company. Explanation 1. Identify Characteristics of Monopolistic Competition Monopolistic competition involves many firms offering differentiated products, with some control over pricing. 2. Analyze Each Option - **Iced coffee, iced tea, or smoothie**: Different beverages, different sellers. - **Pizza delivery**: Differentiated by brand and service. - **Lawn mowing services**: Differentiated by provider type. - **Designer dress, discount retailer dress, vintage store dress**: Differentiated by style and price point. 3. Determine Non-Monopolistically Competitive Market The option that does not fit is the one where products are not differentiated in a way typical of monopolistic competition.

Explanation

1. Identify Characteristics of Monopolistic Competition<br /> Monopolistic competition involves many firms offering differentiated products, with some control over pricing.<br /><br />2. Analyze Each Option<br /> - **Iced coffee, iced tea, or smoothie**: Different beverages, different sellers.<br /> - **Pizza delivery**: Differentiated by brand and service.<br /> - **Lawn mowing services**: Differentiated by provider type.<br /> - **Designer dress, discount retailer dress, vintage store dress**: Differentiated by style and price point.<br /><br />3. Determine Non-Monopolistically Competitive Market<br /> The option that does not fit is the one where products are not differentiated in a way typical of monopolistic competition.
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