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    Understanding Canadian Business
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    Exam 2: How Economic Issues Affect Business
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    A(n)___________ Exists When a Large Number of Firms Produce Goods
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A(n)___________ Exists When a Large Number of Firms Produce Goods

Question 49

Question 49

Multiple Choice

A(n) ___________ exists when a large number of firms produce goods that are similar but are perceived by buyers as being different.


A) perfect competition
B) monopolistic competition
C) oligopoly
D) monopoly

Correct Answer:

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