Because of the existence of a large number of similar but not identical substitutes in most communities, the market for financial planners is best considered to be:
A) a monopoly.
B) an oligopoly.
C) a perfect competition.
D) monopolistically competitive.
Correct Answer:
Verified
Q2: Monopolistic competition describes an industry characterized by
Q3: A monopolistically competitive industry is characterized by
Q4: Which of the following is not a
Q5: Which of the following industries is most
Q5: An industry characterized by many firms, producing
Q6: A market structure characterized by many competitors,
Q7: In monopolistic competition:
A)there is free entry and
Q7: Monopolistic competition is an industry structure characterized
Q9: In monopolistic competition,each firm:
A)is a price taker.
B)has
Q11: Monopolistic competition is similar to perfect competition
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