K. Winter Clothing is a medium-size specialty men's and women's clothing store in a market with many other specialty stores, department stores, and discounters. It has established a reputation for offering high-quality, fashionable merchandise with quality service. K. Winter's competitive environment would best be characterized as
A. a monopoly.
B. an oligopoly.
C. monopolistic competition.
D. pure competition.
E. faceted competition.
Answer: C
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