The market for clothes has the structure of monopolistic competition. What impact will fewer firms in the industry have on you as a customer? Address the following issues. A- Variety of clothes
B- Differences in quality of service
C- Price

Explanation:

A monopolistic market basically means that a single company is running/controlling the entire market. Therefore, having fewer firms in the industry would make a difference. For starters, the variety of clothing would be very minimal as the remaining stores would most likely be owned by a single large entity and therefore sell the same style of clothing. Quality of service will also be constant throughout the stores due to being all from the same production. The price is where things will be drastically affected since there is a single entity that controls the entire market this means that they can ultimately charge what they want and fewer firms mean that prices will most likely increase.

almost done 23 out of 25

answer; 33,000;