Under ________,the market consists of many buyers and sellers who trade over a range of prices rather than a single market price.
A)pure competition
B)monopolistic competition
C)oligopolistic competition
D)a pure monopoly
E)pure monopsony

Question

Quizplus · Accepted Answer

Monopolistic competition is characterized by many buyers and sellers trading over a range of prices because products are differentiated, allowing for some price variation.

Under ________,The Market Consists of Many Buyers and Sellers Who