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. Question 11 options: 1) pure monopoly 2) monopolistic competition 3) perfect competition 4) oligopoly

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