select the correct answer. which market structure predominantly uses product differentiation to attract…

select the correct answer. which market structure predominantly uses product differentiation to attract consumers? a. oligopoly b. perfect competition c. monopoly d. monopolistic competition

select the correct answer. which market structure predominantly uses product differentiation to attract consumers? a. oligopoly b. perfect competition c. monopoly d. monopolistic competition

Answer

Brief Explanations:

In monopolistic competition, firms produce differentiated products to stand out and attract consumers. In oligopoly, firms may differentiate but not as predominantly. In perfect - competition, products are homogeneous. In monopoly, there is a single seller with no need for product - differentiation to attract consumers in the same sense.

Answer:

D. monopolistic competition