Competitive Market Circumstances Are Such That There Is Almost No

question 83

Multiple Choice

competitive market circumstances are such that there is almost no price competition,no product differentiation,and the only advertising informs prospects that the product is available,then the competitive market in this industry must be __________.

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

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Definitions:

Major Obstacle

A significant barrier or hurdle that impedes progress or achievement in a particular endeavor or project.

Comanche

A Native American tribe historically known for their horseback riding skills and dominance over the Great Plains area.

Northern Mexico

A geographic region of Mexico, characterized by its desert landscapes, industrial cities, and significant role in agriculture and manufacturing.

Comanche

A Native American tribe, historically known as fearsome warriors, who lived in what is now Wyoming, Texas, Oklahoma, and New Mexico.