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    Exam 13: Monopolistic Competition: the Competitive Model in a More Realistic Setting
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    One Reason Why the Coffeehouse Market Is Competitive Is That
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One Reason Why the Coffeehouse Market Is Competitive Is That

Question 137

Question 137

Multiple Choice

One reason why the coffeehouse market is competitive is that


A) demand for specialty coffee is very high.
B) it is trendy and therefore is likely to have a customer following.
C) barriers to entry are low.
D) consumption takes place in public.

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