Question

The competition between McDonald's, Wendy's, and Burger King is known as which form of competition?

A Pure competition Correct Answer Incorrect Answer
B Cross-market competition Correct Answer Incorrect Answer
C Oligopoly Correct Answer Incorrect Answer
D Monopolistic competition Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Pure competition is a form of competition in which every company has a similar product.

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