In Which Market Model Would There Be a Unique Product

question 232

Multiple Choice

In which market model would there be a unique product for which there are no close substitutes?

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

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Definitions:

Interdependence Theory

The idea that satisfaction, investments, and perceived alternatives are critical in determining commitment to a particular relationship.

EVLN Model

A model representing the four responses employees can have to dissatisfaction at work: Exit, Voice, Loyalty, and Neglect.

Passive

Characterized by inaction or lack of active response, often involving acceptance or submission without resistance.

Destructive

Causing a significant amount of harm or damage either physically, emotionally, or materially.