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Ariel Yisrael
on Dec 13, 2024

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In marketing, the form of competition that occurs when only one firm sells the product is referred to as

A) pure competition.
B) a megopoly.
C) an oligopoly.
D) monopolistic competition.
E) a pure monopoly.

Pure Monopoly

A market structure where a single seller produces a unique product with no close substitutes, having complete control over the market price.

Marketing Form

A type or method of marketing activity or strategy, characterized by its particular characteristics or tactics.

Single Firm

A business entity that is independently owned and operated, often characterized by a concentrated decision-making process.

  • Detect and contrast the distinct forms of competition within markets.
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MC
Maria CaminoDec 18, 2024
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