Territorial division among firms in an industry would lead to price and output behavior similar to

A) monopolistic competitors.
B) a regional monopoly.
C) cutthroat competitors in an oligopolistic market.
D) perfect competitors.

Territorial Division

The division or partitioning of land or space into separate areas, often for administrative or legal purposes.

Oligopolistic Market

A market structure characterized by a small number of firms that dominate the market, often leading to limited competition.

Regional Monopoly

A regional monopoly exists when a single firm dominates the market for a particular good or service in a geographic area.