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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 7: Market Structure: Perfect Competition, Monopoly, and Monopolistic Competition
  5. Question
    In Most Cases, a Monopolistically Competitive Market Can Be Adequately
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In Most Cases, a Monopolistically Competitive Market Can Be Adequately

Question 33

Question 33

True/False

In most cases, a monopolistically competitive market can be adequately approximated by the perfectly competitive model or the oligopoly model.

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