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18 September, 08:33

Which describes a situation where monopolistic competition exists?

Question 5 options:

A small number of producers are selling identical products.

Many producers are selling slightly differentiated products.

Fewer than five producers command the entire market for a certain good or service.

A single producer is the only one selling a good or service with no close substitutes.

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Answers (1)
  1. 18 September, 10:16
    0
    I think that it is the second option.
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