The Type of Competitive Structure That Exists in the Case

question 117

Multiple Choice

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

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

---

Definitions:

Federal program

Initiatives or services established by the federal government to achieve a specific public interest goal or provide a public service.

Healthcare costs

The expenses related to medical services, treatments, medication, hospitalization, and preventive care.

Temporal memory

Memory associated with time, enabling individuals to remember when certain events occurred or sequence events in chronological order.

Sensory memory

The shortest-term element of memory, where sensory information is retained for a very brief period, allowing it to be processed further into short-term or long-term memory.