If Competitive Market Circumstances Are Such That There Are Few

question 187

Multiple Choice

If competitive market circumstances are such that there are few sellers who are sensitive to each other's prices, and the purpose of advertising is to inform but avoid price competition, then ________ must exist in the industry.

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

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