In which competitive structure does a firm have the most control over its marketing plan?
A) Pure competition
B) Monopoly
C) Monopolistic competition
D) Oligopoly

Question

Quizplus · Accepted Answer

A monopoly is a market structure in which there is only one seller of a product or service. This gives the firm complete control over its marketing plan, as it does not have to worry about competition from other firms.

In Which Competitive Structure Does a Firm Have the Most