Which Market Type Has Characteristics as Follows: Large Number of Firms

question 378

Multiple Choice

Which market type has characteristics as follows: large number of firms, differentiated product?

• A) perfect competition
• B) monopolistic competition
• C) oligopoly
• D) monopoly

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Definitions:

Mobile Marketing

Marketing through wireless handheld devices.

Wireless Handheld Devices

Portable electronic gadgets without the need for physical wires, used for communication, computing, and accessing information.

Cellular Telephones

Mobile phones that operate over a network of radio cells, allowing them to be used across a wide area without physical connection to a network.

Communication Process

The method by which information is transferred from a sender to a receiver with the intention of informing or inducing action.