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      Question

      Marketing generally plays a small role in which

      competitive situation?
      A pure competition Correct Answer Incorrect Answer
      B a monopoly Correct Answer Incorrect Answer
      C an oligopoly Correct Answer Incorrect Answer
      D monopolistic competition Correct Answer Incorrect Answer

      Solution

      A monopoly occurs when only one firm sells the product. Typically, marketing plays a small role in this setting because the state or federal government regulates it.

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