In imperfectly competitive markets
A) there is no competition in the markets.
B) some competition may exist in the markets.
C) some competition may exist but only on price and not in other ways.
D) some competition may exist but only in other ways and not on price.

Question

Quizplus · Accepted Answer

In imperfectly competitive markets, there is still some level of competition, but it may not be as intense or as straightforward as in perfectly competitive markets. This can include variations in pricing, product differentiation, and market strategies among competitors.

In Imperfectly Competitive Markets