In a(n)________ structure,there are many sellers,each having slightly different products and each having only a small share of the market.
A)monopoly
B)oligopoly
C)monopolistic competition
D)perfect competition
E)natural competition

Question

Quizplus · Accepted Answer

In monopolistic competition, many sellers exist, each selling slightly different products and holding only a small share of the market. This type of market structure is characterized by low barriers to entry and product differentiation, which allow small firms to compete with larger ones.

In A(n)________ Structure,there Are Many Sellers,each Having Slightly Different Products