Under ________,the market consists of many buyers and sellers who trade over a range of prices rather than a single market price.
A)pure competition
B)monopolistic competition
C)oligopolistic competition
D)a pure monopoly
E)socialism

Question

Quizplus · Accepted Answer

In monopolistic competition, many sellers offer differentiated products, leading to a range of prices for similar, but not identical, goods. This contrasts with pure competition, where products are identical and a single market price prevails.

Under ________,The Market Consists of Many Buyers and Sellers Who