A group of firms that offer a product or class of products that are similar and are close substitutes for one another is referred to as a(n) _____.

A group of firms that offer a product or class of products that are similar and are close substitutes for one another is referred to as a(n) _____.

A group of firms that offer a product or class of products that are similar and are close substitutes for one another is referred to as a(n) _____.



A. sector
B. channel
C. industry
D. concern




Answer: C