Reading 15- Practice Question 19
Grateful if you could help on the below and advise why the question cannot be A or C?
Deep River Manufacturing is one of many companies in an industry that make a food product. Deep River units are identical up to the point they are labeled. Deep River produces its labeled brand, which sells for $2.20 per unit, and “house brands” for seven different grocery chains which sell for $2.00 per unit. Each grocery chain sells both the Deep River brand and its house brand. The best characterization of Deep River’s market is:
B perfect competition.
C monopolistic competition.
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