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Trevor Owns a Local Farm Stand

Question 25

Multiple Choice

Trevor owns a local farm stand. Although he sells fruit and vegetables, like the grocery store chains in the area, he has some power over the price he charges because he can offer consumers features they want. For instance, his fruit and vegetables are organic and locally grown. This is an example of


A) monopolistic competition.
B) pure competition.
C) oligopoly.
D) monopoly.
E) competition.

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