Nike, Reebok, Adidas, New Balance are popular brands of athletic shoes. Generally Nike and Adidas charges higher prices than the rest of the competitors. These two brands also charges a wide range of prices for the many models of sports shoes. This is because athletic shoe industry is classified under _________ market structure. Question 11 options: 1) pure monopoly 2) monopolistic competition 3) perfect competition 4) oligopoly
Nike, Reebok, Adidas, New Balance are popular brands of athletic shoes. Generally Nike and Adidas charges higher prices than the rest of the competitors. These two brands also charges a wide range of prices for the many models of sports shoes. This is because athletic shoe industry is classified under _________ market structure. Question 11 options: 1) pure monopoly 2) monopolistic competition 3) perfect competition 4) oligopoly
Chapter9: Monopolistic Competition And Oligoply
Section: Chapter Questions
Problem 11SQP
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Nike, Reebok, Adidas, New Balance are popular brands of athletic shoes. Generally Nike and Adidas charges higher prices than the rest of the competitors. These two brands also charges a wide range of prices for the many models of sports shoes. This is because athletic shoe industry is classified under _________ market structure.
Question 11 options:
1)
pure
2)
3)
4)
oligopoly
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