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16 September, 12:13

Which market structure describes many firms selling the exact same product - - like a commodity?

Group of answer choices

monopolistic competition

monopoly

oligopoly

perfect competition

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Answers (1)
  1. 16 September, 14:14
    0
    Monopolistic competition

    Explanation:

    Monopolistic competition is a market structure in which many firms sell products that are similar but not identical. Monopolistic competition describes a market with the following attributes: Many sellers: there are many firms competing for the same group of customers.
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