The diversity of brands in the toothpaste market is characteristic of which kind of market structure?
A) monopolistic competition
B) pure competition
C) indirect competition
D) diverse competition
E) oligopoly

Question

Quizplus · Accepted Answer

Monopolistic competition is a market structure characterized by many firms offering differentiated products, like different brands of toothpaste, allowing for diversity in the market.

The Diversity of Brands in the Toothpaste Market Is Characteristic