Are the hair gel market and the ready-mix concrete market examples of monopolistic competition? Question content area bottom Part 1 The hair gel market _______ an example of monopolistic competition. One of the features of the hair gel market is that _______. A. is; each firm produces a differentiated product B. is; barriers to entry exist C. is not; collusion is possible D. is not; each firm has a small market share Part 2 The ready-mix concrete market _______ an example of monopolistic competition because _______. A. is; the market demand curve is downward sloping B. is not; each firm produces a differentiated product C. is; barriers to entry exist D. is not