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Competitive Market Circumstances Are Such That There Is Almost No

Question 83

Multiple Choice

competitive market circumstances are such that there is almost no price competition,no product differentiation,and the only advertising informs prospects that the product is available,then the competitive market in this industry must be __________.


A) a pure monopoly
B) pure competition
C) an oligopoly
D) monopolistic competition
E) monopolistic oligopoly

Correct Answer:

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