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    Microeconomics Study Set 44
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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 171

Question 171

Multiple Choice

Because most communities have a large number of similar but not identical substitutes, the market for florists is best considered:


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

Correct Answer:

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