Most of the catalogue retailers during the 2007 Christmas season offered buyers price reductions, coupons, two-for-one buying opportunities and/or free delivery. This is because these catalogue retailers operate in:

Most of the catalogue retailers during the 2007 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.


B.

cross-market competition.


C.

an oligopoly.


D.

monopolistic competition.



Answer: D


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