13 555 points In distribution is important but other element

13. 5.55 points In distribution is important, but other elements of marketing have little impact O an oligopoly O an oligarchy O pure monopoly O monopolistic competition O pure competition References Multiple Choice Difficulty: 1 Easy 14. 5.55 points velue:

Solution

1-pure competition

there are many sellers and they each have a similar product

2-one seller one product

when only one firm sells the product

3-few sellers and similar products

occurs when a few companies control the majority of industry sales