In which type of industry would a marketing director be most likely to say, "We have to let the customer know that our product is the only one that comes with its own tracking device"?
A) pure monopoly
B) oligopoly
C) pure competition
D) monopolistic oligopoly
E) monopolistic competition

Question

Quizplus · Accepted Answer

In monopolistic competition, companies differentiate their products to gain a competitive edge. A marketing director would emphasize unique features like a tracking device to stand out from similar products.

In Which Type of Industry Would a Marketing Director Be