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    Exam 14: Monopolistic Competition
  5. Question
    A Product That Is a Close Substitute but Not a Perfect
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A Product That Is a Close Substitute but Not a Perfect

Question 110

Question 110

Multiple Choice

A product that is a close substitute but not a perfect substitute for the products of the other firms is called


A) a homogeneous product.
B) an efficient product.
C) a differentiated product.
D) an inelastic product.

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