What term describes the level of competition in which businesses compe
QUESTION
What term describes the level of competition in which businesses compete against each other to sell similar products at prices usually higher than the lowest possible price?
a. monopoly
b. monopolistic competition
c. oligopoly
d. perfect competition
ANSWER
b
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.