A market structure characterized by many sellers with each having some pricing power and product differentiation is best

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

A market structure characterized by many sellers with each having some pricing power and product differentiation is best

Post by answerhappygod »

A market structure characterized by many sellers with eachhaving some pricing power and product differentiation is bestdescribed as:
A-monopolistic competition
B-perfect competition
C-None of the answers is correct.
D-oligopoly
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”