Are the athletic shoe market and the wheat market examples of monopolistic competition? Question content area bottom Part 1 The athletic shoe market _______ an example of monopolistic competition. One of the features of the athletic shoe market is that _______. A. is; each firm produces a differentiated product B. is not; collusion is possible C. is not; each firm has a small market share D. is; barriers to entry exist Part 2 The wheat market _______ an example of monopolistic competition because _______. A. is; the market demand curve is downward sloping B. is; barriers to entry exist C. is not; in this market, each firm produces an identical product D. is not; each firm produces a differentiated product