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    Microeconomics Study Set 40
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    Exam 15: Monopolistic Competition and Product Differentiation
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    Because of the Existence of a Large Number of Similar
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Because of the Existence of a Large Number of Similar

Question 60

Question 60

Multiple Choice

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


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

Correct Answer:

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