Question

    Marketing generally plays a small role in which competitive situation?

    A pure competition Correct Answer Incorrect Answer
    B a monopoly Correct Answer Incorrect Answer
    C an oligopoly Correct Answer Incorrect Answer
    D monopolistic competition Correct Answer Incorrect Answer

    Solution

    A monopoly occurs when only one firm sells the product. Typically, marketing plays a small role in this setting because the state or federal government regulates it.

    Practice Next
    ×
    ×