A moderately-priced jewelry store is trying to differentiate itself from other jewelry stores. The store prices products somewhat lower than the super-premium jewelry stores, but offers better products and services than low-end jewelry stores provide. The market situation this store faces sounds most like:
a. pure competition.
b. monopoly.
c. oligopoly.
d. monopolistic competition.
e. oligopolistic competition
Answer: d. monopolistic competition.