________ is an industry market structure with many firms each able to differentiate their products.

A) A monopoly
B) An oligopoly
C) Monopolistic competition
D) Perfect competition

Monopolistic Competition

An industry structure where several entities sell products that are similar in nature but not completely the same, thus giving them a slight edge in market power.

Differentiate

To recognize or ascertain what makes someone or something unique or distinct, especially in the context of products or services in the marketplace.

Industry Market Structure

The organization of a market based on the number of firms in the market, the nature of competition, and the extent of product differentiation.