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There Are 10 Pizza Restaurants in a City

Question 24

Multiple Choice

There are 10 pizza restaurants in a city.Each restaurant claims to have the "best pizza in town" and advertises the ways in which its pizza is different and better than its competitors' pizzas.This is an example of a(n) ________.


A) regulated monopoly
B) monopsony
C) regulated monopsonic competition
D) monopolistic competition
E) monopoly

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