In a market with ________ there are many firms providing differentiated products.
A)pure competition
B)oligopolistic competition
C)monopolistic competition
D)a monopoly
E)a duopoly

Question

Quizplus · Accepted Answer

Monopolistic competition describes a market in which there are many firms providing differentiated products. This means that each firm has some control over the price of its product, but there is still competition from other firms offering similar products.

In a Market with ________ There Are Many Firms Providing