There would be some control over price within rather narrow limits in which market model?
A)monopolistic competition
B)pure competition
C)pure monopoly
D)oligopoly

Question

Quizplus · Accepted Answer

In a monopolistic competition market model, firms have some control over their prices due to product differentiation, but this control is within narrow limits because of the presence of many competitors offering similar, but not identical, products.

There Would Be Some Control Over Price Within Rather Narrow