In which of the following market structures is product differentiation always present?AOligopoly.BPerfect competition.CMonopolistic competition.
Question
Solution 1
The market structure where product differentiation is always present is Monopolistic competition.
Here's why:
A. Oligopoly: In an oligopoly, there are only a few firms that make up an industry. This select group of firms has control over the price and, like a monopoly, an oligopoly has high barri Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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