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    Microeconomics Study Set 51
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    Exam 11: Monopolistic Competition, Oligopoly, and Game Theory
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    The Theory of Monopolistic Competition Assumes
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The Theory of Monopolistic Competition Assumes

Question 137

Question 137

Multiple Choice

The theory of monopolistic competition assumes


A) the production of a homogeneous product.
B) significant barriers to entry.
C) many buyers and sellers.
D) a single seller in a market with no close substitutes.

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