Multiple Choice
In most large cities there are a large number of bakeries.These bakeries produce similar,but not identical,products.Some bakeries claim to have the best cheesecakes in town,while others brag about their cookies or specialty breads.The bakery market in a large city is an example of:
A) Monopolistic competition.
B) Perfect competition.
C) An oligopoly.
D) A monopoly.
Correct Answer:
Verified
Correct Answer:
Verified
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