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 differentiation based on features, quality, branding, and other attributes.
The highest degree of product differentiation is found in which of the following type of market structure?(1 point)
Responses
monopolistic competition
monopolistic competition
perfect competition
perfect competition
monopoly
monopoly
oligopoly
1 answer