The highest degree of product differentiation is found in monopolistic competition. In this market structure, many firms offer products that are similar but differentiated in terms of quality, branding, or features, allowing them to have some degree of market power.
The highest degree of product differentiation is found in which of the following type of market structure?(1 point)
Responses
perfect competition
perfect competition
monopolistic competition
monopolistic competition
monopoly
monopoly
oligopoly
1 answer
1 answer