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. The products are also different in terms of their uses. Which of the following market structures is existent in the cosmetics industry in Dunkenburg?
A) Pure competition
B) Monopoly
C) Monopolistic competition
D) Oligopoly
Correct Answer:
Verified
Correct Answer:
Verified
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