Due to the existence of a large number of similar, but not identical, substitutes in most communities, the market for chiropractors is best considered:

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Business

Dakota Dunlap

4 July, 11:29

Due to the existence of a large number of similar, but not identical, substitutes in most communities, the market for chiropractors is best considered:

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Rylee Mcbride · Answer 1

Due to the existence of a large number of similar, but not identical, substitutes in most communities, the market for chiropractors is best considered monopolistically competitive.

A monopolistic competition is when different producers sell products that are differentiated by branding/quality. Since they differentiate in such ways, they are not perfect substitutes for one another.