A(n)_________________ exists when many companies offer unique products in different market segments.
A) Monopoly
B) Oligopoly
C) Monopolistic competition
D) Pure competition
E) None of the above

Question

Quizplus · Accepted Answer

Monopolistic competition exists when many companies offer unique products in different market segments. This means that while companies may have some degree of control over the price of their products, they still face competition from other companies in the same market. A monopoly exists when one company has complete control over a market, while an oligopoly exists when a small number of companies dominate a market. Pure competition exists when many companies offer the same product without any differentiation.

A(n)_________________ Exists When Many Companies Offer Unique Products in Different