What organizations today would be considered a good example of monopolistic competition?
I was thinking maybe the merger between whole foods and wild oats, but am not sure. Since according to monopolistic competition’s characteristics, i’m not sure if there are many organic, natural food firms out there and I am not sure if there is a differentiation of products. Monopolistic competition happens when there are a lot of products that claim to be unique [monopoly] but have a lot of substitutes that are almost as good [which they have to compete with]. The classic example is retail clothing brands. Each store tries to convince you that they offer something unique, but there are a lot of stores in the mall with similar items.
