The type of competitive structure that exists in the case where there are almost no substitutes for a product is a(n)
a) Monopoly
b) Oligopoly
c) Monopolistic competition
d) Pure competition
e) noncompetition
Answer: a
The type of competitive structure that exists in the case where there are almost no substitutes for a product is a(n)
a) Monopoly
b) Oligopoly
c) Monopolistic competition
d) Pure competition
e) noncompetition
Answer: a