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    Microeconomics Study Set 25
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    Exam 15: Monopolistic Competition and Product Differentiation
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    Because Most Communities Have a Large Number of Similar but Not
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Because Most Communities Have a Large Number of Similar but Not

Question 38

Question 38

Multiple Choice

Because most communities have a large number of similar but not identical substitutes,the market for chiropractors is BEST considered to be:


A) an oligopoly.
B) perfect competition.
C) monopolistically competitive.
D) a monopoly.

Correct Answer:

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