Kami and Derek went to the mall. While there they passed a Vans store, Nike's store, New Balance store, and Adidas store. Derek commented that there was really a large number of sellers and noted that there seemed to be many buyers as well. What kind of market competition is represented by these stores?
A)Perfect.
B)Monopolistic.
C)Oligopoly.
D)Monopoly.

Question

​Kami and Derek went to the mall. While there they passed a Vans store, Nike's store, New Balance store, and Adidas store. Derek commented that there was really a large number of sellers and noted that there seemed to be many buyers as well. What kind of market competition is represented by these stores?
A)​Perfect.
B)​Monopolistic.
C)​Oligopoly.
D)​Monopoly.

Quizplus · Accepted Answer

The Answer of ​Kami and Derek went to the mall. While there they passed a Vans store, Nike's store, New Balance store, and Adidas store. Derek commented that there was really a large number of sellers and noted that there seemed to be many buyers as well. What kind of market competition is represented by these stores?
A)​Perfect.
B)​Monopolistic.
C)​Oligopoly.
D)​Monopoly.

​Kami and Derek Went to the Mall

Kami and Derek Went to the Mall