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    Exam 2: Understanding Economics and How It Affects Business
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    ________ Exists When a Large Number of Firms Produce Goods
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________ Exists When a Large Number of Firms Produce Goods

Question 107

Question 107

Multiple Choice

________ exists when a large number of firms produce goods that are similar but customers believe there is a difference.


A) Perfect competition
B) Monopolistic competition
C) Oligopoly
D) A monopoly

Correct Answer:

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