In an oligopolistic competitive structure,
A) the market is often quite small.
B) there are no discernible consumer segments.
C) each firm has total control over its marketing plan.
D) firms like to engage in nonprice competition.

Question

Quizplus · Accepted Answer

Firms in an oligopolistic competitive structure often engage in nonprice competition, such as advertising, product differentiation, and customer service, to differentiate their products and gain market share.

In an Oligopolistic Competitive Structure