There are more than 22,000 independent coffee shops in the UK, with approximately 65% of UK adults consuming coffee daily. In 2024, demand for artisanal coffee blends and unique cafe environments increased across the country. Independent specialty coffee shops operate in a monopolistically competitive market, similar to that for independent fitness trainers and local graphic designers.
Evaluate, using appropriate diagram(s), whether monopolistic competition in markets such as independent coffee shops benefits consumers.
