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11 Dec 2019
Which scenario best represents monopolistic competition?
(i) Two firms compete against each other to sell pearls in an urban market.
(ii) A family decides to stay at a specific hotel on vacation because it has a swimming pool with a slide.
(iii) Two new restaurants open to compete with a national food chain.
(iv) A company wins a contract to be the sole provider of phone and cable television service for a city.
Which scenario best represents monopolistic competition?
(i) Two firms compete against each other to sell pearls in an urban market.
(ii) A family decides to stay at a specific hotel on vacation because it has a swimming pool with a slide.
(iii) Two new restaurants open to compete with a national food chain.
(iv) A company wins a contract to be the sole provider of phone and cable television service for a city.
Nelly StrackeLv2
18 Mar 2020