______ exists when a large number of firms produce goods that are similar but are perceived by buyers as being different.
A. Perfect competition
B. Monopolistic competition
C. Oligopoly
D. A monopoly
Answer: Monopolistic competition
______ exists when a large number of firms produce goods that are similar but are perceived by buyers as being different.
A. Perfect competition
B. Monopolistic competition
C. Oligopoly
D. A monopoly
Answer: Monopolistic competition
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.