Kyra's Vedic Secrets produces hair masks and hair spa products. The firm advertises a secret natural ingredient used in its products that completely stops hair fall and improves hair growth. Consumers have a high perception of its products' quality and are ready to pay a marginally higher price for its products than for its rival's products. The firm described in this example is operating in a(n)

_____.
a. perfectly competitive market
b. monopoly
c. oligopoly
d. monopolistically competitive market

d

Economics

You might also like to view...

Printing of paper money by the Confederate government led to

a. an immediate hyperinflation that lasted for the entire period of the War. b. a short-term hyperinflation that lasted for only the first year of the War.c hyperinflation in the final months of the War.d sporadic episodes of hyperinflation that emerged throughout the War.

Economics

Economics is considered to be part of the field of

a. management science b. mathematical sciences c. actuarial science d. social sciences e. natural sciences

Economics