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Competitive Market Circumstances Are Such That There Are Few Sellers

Question 284

Multiple Choice

competitive market circumstances are such that there are few sellers who are sensitive to each other's prices,and the purpose of advertising is to inform but avoid price competition,then __________ must exist in the industry.


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

Correct Answer:

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