2 years ago

A market structure with a large number of sellers who make differentiated products is called _____.

2 answers:

8 0

Answer: Monopolistic competition

A market structure with a large number of sellers who make differentiated products is called monopolistic competition.

Explanation:

Monopolistic competition refers to a market structure in which many firms or sellers offer products or services which are close substitutes for each other. The sellers sell goods that are similar but not identical. There is free entry and exit in the market and the sellers can make supernormal profits in the short run.

xeze [42]2 years ago

5 0

I think it's Monopolistic Competition

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