Economics · Market Structures
ABC Ltd. produces a variety of soft drinks. It has only two competitors, and all three producers use product differentiation to distinguish themselves from each other. What type of market structure is this?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Oligopoly✓
- 2Monopolistic competition
- 3Monopoly
- 4Perfect competition
Correct answer
Oligopoly
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