which type of industry would a marketing director be most likely to say,"We have to let the customer know that our product is the only one that comes with its own tracking device"?
A) pure monopoly
B) oligopoly
C) pure competition
D) monopolistic oligopoly
E) monopolistic competition

Question

Quizplus · Accepted Answer

The statement "We have to let the customer know that our product is the only one that comes with its own tracking device" indicates that the company is trying to differentiate its product from others in the market. This is a characteristic of monopolistic competition, where firms try to differentiate their products in order to create a unique identity and appeal to specific segments of consumers.

Which Type of Industry Would a Marketing Director Be Most