Question

A market structure which produces hetogeneous products is called
a. Monopoly
b. Monopolistic
c. perfect competition
d. None of the above ​

Answer 1

Answer:

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Explanation:

(b) Monopolistic competition

Answer 2

The correct answer is option b. Monopolistic because two differences between the two are that monopolistic competition produces heterogeneous products and that monopolistic competition involves a great deal of non-price competition, which is based on subtle product differentiation.

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