During the holiday shopping season,many catalog retailers offer buyers price reductions,coupons,two-for-one deals,and/or free delivery.This is because these catalog retailers operate in a(n)__________ environment.

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In a monopolistic competition market, there are many firms selling similar but not identical products. This means that catalog retailers are competing against each other for customers, and one of the strategies they use is offering promotions and discounts to attract buyers. Therefore, the holiday shopping season is a good example of a monopolistic competition environment.

During the Holiday Shopping Season,many Catalog Retailers Offer Buyers Price