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    Question

    Most of the catalogue retailers during the 2021

    Christmas season offered buyers price reductions, coupons, two-for-one buying opportunities and/or free delivery. This is because these catalogue retailers operate in:
    A pure competition Correct Answer Incorrect Answer
    B cross-market competition Correct Answer Incorrect Answer
    C an oligopoly Correct Answer Incorrect Answer
    D monopolistic competition Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    In monopolistic competition, the many sellers compete with their products on a substitutable basis.

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