The Type of Competitive Structure That Exists in the Case

question 193

Multiple Choice

The type of competitive structure that exists in the case where there are almost no substitutes for a product is:

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

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Definitions:

Electronic Data Interchange

The electronic transfer of data between organizations in a structured format that allows for automated processing.

EDI

Electronic Data Interchange, a standard for exchanging business documents and data electronically between business partners.

Retinal Scanning

A biometric technique that involves analyzing the pattern of the retinal veins in the back of the eye for identification purposes.

Authentication

A process to verify the identity of a user or system, ensuring that they are who they claim to be.