Use the three conditions for monopolistic competition discussed in the chapter to decide which of the following firms are likely to be operating as monopolistic competitors.
If they are not monopolistically competitive firms, are they monopolists, oligopolists, or perfectly competitive firms?
a. A local band that plays for weddings, parties, and so on
b. Minute Maid, a producer of individual-serving juice boxes
c. Your local dry cleaner
d. A farmer who produces soybeans