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 some way (e.g., through branding, quality, or features), allowing them to have some degree of market power.
The highest degree of product differentiation is found in which of the following types of market structures?(1 point)
Responses
perfect competition
perfect competition
oligopoly
oligopoly
monopoly
monopoly
monopolistic competition
1 answer