An industry comprising 40 firms, none of which has more than 3 percent of the total market for a differentiated product, is an example of
A) monopolistic competition.
B) oligopoly.
C) pure monopoly.
D) pure competition.

Name: An industry comprising 40 firms, none of which has more than 3 percent of the total market for a differentiated product, is an example of A) monopolistic competition. B) oligopoly. C) pure monopoly. D) pure competition.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

The Answer is A

An Industry Comprising 40 Firms, None of Which Has More