The highest degree of product differentiation is found in monopolistic competition. In this market structure, many firms offer products that are similar but not identical, allowing for significant differentiation based on various factors such as quality, branding, and features.
The highest degree of product differentiation is found in which of the following type of market structure?(1 point)
Responses
monopoly
monopoly
perfect competition
perfect competition
oligopoly
oligopoly
monopolistic competition
1 answer
1 answer