Compare and contrast the competition for one of the following by selecting five firms in one of the following industries:

a) medium priced dress stores

b) hotels/motels

c)fast food restureants

What makes the industry 'monopolistic competition?' How are the firms similar to and how are they different from other firms in the industry?Explain why competing businesses frequently locate in close proximity. How can a business keep track of the competition in the community.

PICK ONLY ONE INDUSTRY