There Are More Than 100 Companies That Manufacture Natural and Artificial

Multiple Choice

There are more than 100 companies that manufacture natural and artificial flavorings used to enhance the taste of food before it is sold to consumers. Many of these manufacturers are regional operations. Many differentiate themselves from the competition in their advertising by specializing in one or two types of foods for which they provide flavorings. Some use their distribution strategies as a means of differentiating themselves from their competition. This industry is most likely an example of

A) pure monopoly.
B) oligopoly.
C) monopolistic competition.
D) bilateral monopoly.
E) monopolistic oligopoly.