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:

EnsureCapacity

A method used in collections like ArrayList in Java, to pre-allocate storage to hold a minimum number of elements, optimizing performance by reducing dynamic reallocation.

Generic Class

A class in programming that is parameterized over types, allowing it to be used with various data types without modifying its source code.

Instantiate

The process of creating an instance of a class in object-oriented programming.

Resize

The process of changing the size of a data structure or graphical element, adjusting it to accommodate more elements or fit better in a UI.