In which of these markets would you expect to find product differentiation emphasized as a competitive strategy tool?
A) Oligopoly.
B) Monopoly.
C) Pure competition.
D) All of the above.

Question

Quizplus · Accepted Answer

In an oligopoly, a few firms dominate the market, and product differentiation is a key strategy they use to gain a competitive edge over each other. This is less relevant in monopolies, where there is only one provider, and in pure competition, where products are largely undifferentiated.

In Which of These Markets Would You Expect to Find