Tide, Pepsi, Guess, and Body Shop are all corporations involved in which type of competition?

Question

Quizplus · Accepted Answer

The given corporations are involved in monopolistic competition, as they offer similar but differentiated products and engage in heavy advertising and branding to attract customers. In pure competition, there are many small firms offering identical products, while oligopoly involves a small group of large firms dominating the market. Equilibrium is a state where supply and demand are balanced, and none of the options indicate that.

Tide, Pepsi, Guess, and Body Shop Are All Corporations Involved