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    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
    E None of these 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.

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