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If Competitive Market Circumstances Are Such That There Are a Lot

Question 310

Multiple Choice

If competitive market circumstances are such that there are a lot of sellers who use some price competition,some product differentiation,and the purpose of advertising is to differentiate the firm's products from competitors,then _____ must exist in the industry.


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

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