Ogechi Ventures into a New Business with Few Competitors and Requires

Multiple Choice

Ogechi ventures into a new business with few competitors and requires a huge investment.Soon after entering the business,one of Ogechi's competitors introduces a price cut that forces Ogechi to reduce the prices of her products as well.In this scenario,Ogechi has ventured into _____.

A) oligopoly
B) pure competition
C) monopoly
D) monopolistic competition