An industry in which there are many competitors with specific marketing niches is likely to be characterized by

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A situation where an industry has many competitors with specific marketing niches is typical of monopolistic competition, where firms differentiate their products through branding or unique features to stand out from their competitors. In an oligopoly or monopoly, there are fewer firms or even one dominant firm, respectively, which would not provide the same level of competition in terms of marketing niches. Perfect competition does not allow for differentiation of products as all firms offer identical goods or services.

An Industry in Which There Are Many Competitors with Specific