__________ exists when a large number of firms produce goods that are similar but are perceived by buyers as being different.

Respuesta :

Answer:

The correct answer is : Monopolistic competition

Explanation:

A monopolistic competition is a form of imperfect competition in which the products sold by the producers are differentiated from each other and thus are not considered the perfect substitutes.

In a monopolistic competition, the consumers perceive that there are certain differences between the similar products produced by the competitors, other than the price.