Marketing MCQ Marketing In a situation where coffee bean prices doubled, resulting in the price of coffee doubling as well, consumers may switch to tea, where the prices remained stable. This collective marketplace likely has which type of competition?

In a situation where coffee bean prices doubled, resulting in the price of coffee doubling as well, consumers may switch to tea, where the prices remained stable. This collective marketplace likely has which type of competition?

Marketing

In a situation where coffee bean prices doubled, resulting in the price of coffee doubling as well, consumers may switch to tea, where the prices remained stable. This collective marketplace likely has which type of competition?

pure

cross-market

oligopoly

monopolistic

Answer: D

Marketing MCQ

In a situation where coffee bean prices doubled, resulting in the price of coffee doubling as well, consumers may switch to tea, where the prices remained stable. This collective marketplace likely has which type of competition?

In a situation where coffee bean prices doubled, resulting in the price of coffee doubling as well, consumers may switch to tea, where the prices remained stable. This collective marketplace likely has which type of competition?

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