Which of the following observations is NOT true of monopolistic competition?
A. A number of different firms offer marketing mixes that at least some customers see as different.
B. Most marketing managers in developed economies do not face monopolistic competition.
C. Marketing managers try to differentiate very similar products by relying on other elements of the marketing mix.
D. Competition exists because some customers see various alternatives as substitutes.
E. Each competitor tries to get a monopoly in its own target market.
Answer: B
You might also like to view...
One type of frame if the process frame, or how the parties will go about resolving their dispute.
Answer the following statement true (T) or false (F)
Contrast the source program library (SPL) management system to the database management system (DBMS)
Hindustan Unilever’ Project Shaki provides training for women in _______________
a. Basket weaving b. IT c. Engineering d. Art
An MRP system cannot answer the question:
A) "how much?" B) "when?" C) "what?" D) "why?"