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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