Multiple Choice
The cosmetics industry in the district of Dunkenburg has many competing companies that sell personal care products. However, each company manufactures products that correspond to different income groups, and these products have different uses. The market structure of the cosmetics industry in Dunkenburg exemplifies _____.
A) pure competition
B) monopoly
C) monopolistic competition
D) oligopoly
Correct Answer:
Verified
Correct Answer:
Verified
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