Multiple Choice
Kami and Derek went to the mall. While there they passed a Vans store, Nike's store, New Balance store, and Adidas store. Derek commented that there was really a large number of sellers and noted that there seemed to be many buyers as well. What kind of market competition is represented by these stores?
A) Perfect.
B) Monopolistic.
C) Oligopoly.
D) Monopoly.
Correct Answer:
Verified
Correct Answer:
Verified
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