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Monopolistic Competition-Which Is Typical in Our Market-Directed Economy-Is Caused By

Question 129

Multiple Choice

Monopolistic competition-which is typical in our market-directed economy-is caused by:


A) manipulation of markets by business firms.
B) customer preferences.
C) consumers' unwillingness to pay for differentiated products.
D) business preferences.
E) None of these cause monopolistic competition.

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