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

    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.

    Practice Next
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