form of competition in which many sellers compete with their products on a substitutable basis within a price range is called
A) pure competition.
B) cross-market competition.
C) an oligopoly.
D) monopolistic competition.
E) a monopoly.

Question

Quizplus · Accepted Answer

The description fits that of a monopolistic competition, where there are many sellers offering products that can substitute for each other within a certain price range. Pure competition would involve identical products and no differentiation, while oligopoly and monopoly describe markets with limited or no competition. Cross-market competition is not a recognized term.

Form of Competition in Which Many Sellers Compete with Their