The market for local, independent escape room venues has expanded rapidly in urban areas across the UK. There are hundreds of registered venues, each offering unique puzzle configurations, immersive storylines, and distinct levels of difficulty. Consumers highly value these specialized differences, and entry barriers into the local escape room market are relatively low, mirroring structures found in independent bouldering gyms and boutique board game cafes.
Evaluate, using appropriate diagram(s), the extent to which monopolistic competition in markets such as independent escape room venues benefits consumers.
