Introduction to Economics 1 Deneme Sınavı Sorusu #1132367

Which of the followings is a market structure where there are many firms that sell differentiated products?


Oligopoly

Monopoly

Monopolistic competition

Cartel

Nash Equilibrium


Yanıt Açıklaması:

Monopolistic competition is a market structure where there are many firms that sell differentiated products. Each firm has a monopoly over the product it sells, but many other firms make similar products that compete for the same customers.

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