In which of the following market structures can you find differentiated products?

Question

Quizplus · Accepted Answer

Differentiated products are products that are different from each other in some way, whether it's their brand, quality, or features. This type of product differentiation is typically found in monopolistic competition and oligopoly, where there are many firms competing against each other, but they have some control over their prices due to product differentiation. In a monopoly, there is only one firm in the industry, so there are no competing products, while in perfect competition, all products are identical, so there is no room for differentiation.

In Which of the Following Market Structures Can You Find