question 6 of 8\namanda runs a business that has a few competitors. while her industry usually offers…

question 6 of 8\namanda runs a business that has a few competitors. while her industry usually offers standardized products, she has some ability to differentiate them. she also has significant control over pricing. what type of market structure is her business?\noligopoly\nmonopoly\nperfect competition\nmonopolistic competition

question 6 of 8\namanda runs a business that has a few competitors. while her industry usually offers standardized products, she has some ability to differentiate them. she also has significant control over pricing. what type of market structure is her business?\noligopoly\nmonopoly\nperfect competition\nmonopolistic competition

Answer

Brief Explanations:

An oligopoly has few competitors, some product - differentiation ability, and firms have significant pricing control. A monopoly has no competitors. Perfect competition has many firms with no product - differentiation and no pricing control. Monopolistic competition has many firms with some product - differentiation but less pricing control compared to oligopoly.

Answer:

A. Oligopoly