Multiple Choice
Elmer's Glue has captured the market for school glue. It is preferred by both students and parents alike. It takes very little capitalization to enter the market but nobody successfully does. The glue clearly needs no patents or secret formulas. This type of market is called:
A) pure or perfect competition.
B) oligopoly.
C) monopolistic competition.
D) monopoly.
Correct Answer:
Verified
Correct Answer:
Verified
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