The Table Below Shows the Payoff (Profit) Matrix of Firm

Multiple Choice

The table below shows the payoff (profit) matrix of Firm A and Firm B indicating the profit outcome that corresponds to each firm's pricing strategy (where $500 and $200 are the pricing strategies of two firms) .Table 12.2

-In which market structure model(s) is product differentiation a significant feature?

A) Perfect competition
B) Monopolistic competition
C) Monopoly
D) Oligopoly
E) Both perfect competition and monopolistic competition