What type of competitive structure are most retail firms involved in?
A)horizontal competition.
B)monopolistic competition.
C)vertical competition.
D)pure competition.

Question

Quizplus · Accepted Answer

Most retail firms are involved in monopolistic competition, where many competitors sell products that are differentiated from one another. This allows for a wide variety of products within the same industry, with each firm having some control over its prices due to the unique aspects of its product offerings.

What Type of Competitive Structure Are Most Retail Firms Involved