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28 March, 05:13

An industry that has many companies offering the same basic product, but with some slight difference is

A. pure competition.

B. monopolistic competition.

C. an oligopoly.

D. a monopoly.

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  1. 28 March, 08:54
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    An industry that has many companies offering the same basic product, but with some slight difference is B. monopolistic competition.

    Monopolistic competition is found in industries where slight differences of a product is possible but they basically offer the same thing. A few examples of monopolistic competition are those in the restaurant or hospitality career field. These businesses offer food or hotel rooms which are what their competitions offer as well, but what they include within their packages or their food offerings may differ.
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