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1 year ago

In ________ many firms provide similar products that are considered substitutes for each other.

1 answer:

5 0

In<u> Pure competition, </u>many firms provide similar products that are considered substitutes for each other. Hence, Option A is correct.

<h3>What is the pure competition?</h3>

A marketing scenario where many companies sell the same product and cannot differentiate themselves from one another; as a result, no firm has a substantial impact on price.

The ease with which new businesses can enter the market and great market knowledge is further existing factors.

Hence, In<u> Pure competition, </u>many firms provide similar products that are considered substitutes for each other. Option A is correct.

The missing part of the question is given below:

A. pure competition

B. oligopolistic competition

C. monopolistic competition

D. a monopoly

E. a duopoly

Learn more about Pure competition:

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