Question

ourist accommodations are sold by firms in monopolistic competition because: (A) there are a large number of firms selling a differentiated product. (B) firms are free to enter and exit the market. (C) firms compete on price, quality, and marketing. (D) all of the above.

Answer 1

(D) all of the above

Step-by-step explanation:

Tourist accommodations are sold by firms in monopolistic competition because there are many firms offering differentiated products, they have the freedom to enter and exit the market, and they compete on price, quality, and marketing.