Find a good or service in your daily life/local community which you consider to be monopolistically competitive.

Fantastic news! We've Found the answer you've been seeking!

Question:

Find a good or service in your daily life/local community which you consider to be monopolistically competitive. If possible, take a picture and insert it into your document. If not, describe it by name and location. 2) Describe the good/service and the industry it belongs to. Be specific! What is the closest three digit North American Industry Classification System (NAICS) category Links to an external site.it belongs to? 3) Why do you think it is an example of a monopolistically competitive market structure and not any of the other possible market structures (perfect competition, oligopoly, monopoly)? If you think there are some features that do NOT fit monopolistic competition, please mention those here! 4) How does the company/business or the product/service stay competitive and defend its market power? What kind of strategies might it have developed