Nike, Reebok, Adidas, New Balance are popular brands of athletic shoes. Generally Nike and Adidas charges higher prices than the rest of the competitors. These two brands also charges a wide range of prices for the many models of sports shoes. This is because athletic shoe industry is classified under _________ market structure.

1 pure monopoly

2 monopolistic competition

3 perfect competition

4 oligopoly

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The athletic shoe industry is generally classified under monopolistic competition Monopolistic competition is a market structure characteri... View the full answer