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Before deciding on a pricing strategy, Worldwide Widgets consults with its market intelligence team to understand what discounts the Gargantuan Gizmo Company is offering. The model that BEST fits this industry is: A. monopolistic competition. B. oligopoly. C. pure competition. D. monopoly.

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abiolataiwo2015

The model that BEST fits this industry is: B. oligopoly.

What is oligopoly?

Oligopoly can be defined as the type of market that consist of small or few producers or manufacturers.

The reason why this market is oligopoly based on the scenario is because both Worldwide Widgets consults and  Gargantuan Gizmo Company  control, dominate or are in charge of the market.

Therefore the correct option is B.

Learn more about oligopoly here:https://brainly.com/question/1294757

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