Companies that offer mass-marketed goods and services are more likely to achieve monopoly position with their customers compared to those companies that manufacture luxury products.

Question

Quizplus · Accepted Answer

Mass-marketed goods and services face more competition because they target a broader audience, making it harder to achieve a monopoly. In contrast, luxury products can sometimes create unique market niches with less competition, potentially making it easier to dominate that space.

Companies That Offer Mass-Marketed Goods and Services Are More Likely