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question archive Companies like Forever 21, Gap, Abercrombie and Fitch are operating under monopolistic competition

Companies like Forever 21, Gap, Abercrombie and Fitch are operating under monopolistic competition

Subject:EconomicsPrice: Bought3

Companies like Forever 21, Gap, Abercrombie and Fitch are operating under monopolistic competition. How competitive is this market/industry? What other companies do you shop at that are also operating under the same industry that are also in trouble?  

Do you have a favorite clothing store you always go to? What attract you to that store? What do you think are essential for companies to be successful in this market structure? Which company do you think will be successful in this market in the next five years according to your analysis?

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