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In which type of market structure do many sellers offer similar but not identical products? Monopoly Perfect competition Oligopoly Monopolistic competition

Pergunta

In which type of market structure do many sellers offer similar but not
identical products?
Monopoly
Perfect competition
Oligopoly
Monopolistic competition

In which type of market structure do many sellers offer similar but not identical products? Monopoly Perfect competition Oligopoly Monopolistic competition

Solução

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AliceVeterano · Tutor por 9 anos

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D. Monopolistic competition

Explicação

## Step 1<br />The question is asking us to identify the type of market structure where many sellers offer similar but not identical products. This is a characteristic of monopolistic competition.<br /><br />## Step 2<br />In monopolistic competition, there are many sellers, each offering a product that is similar to but not identical with the products of other sellers. This is different from perfect competition, where all firms sell identical products.<br /><br />## Step 3<br />Monopolistic competition is also different from a monopoly, where there is only one seller, and an oligopoly, where there are a few sellers.
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