If Competitive Market Circumstances Are Such That There Is No

question 46

Multiple Choice

If competitive market circumstances are such that there is no price competition, no product differentiation, and the purpose of advertising is to increase demand for the product class, then___________ must exist in the industry.

• A)monopolistic competition
• B)pure competition
• C)an oligopoly
• D)a pure monopoly

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Definitions:

Hashtag Activism

The use of hashtags on social media to advocate for social or political causes, aiming to raise awareness and stimulate change.

Grocery Stores

Retail establishments that sell food, beverages, and often other household goods, serving as a primary source of nutrition for communities.

Predominantly White

Refers to institutions or communities where the majority of members or participants are of European descent or identify as white.

Predominantly Black

describes communities or areas where the majority of the population is of African descent or identifies as black.