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Author Question: The word "monopolistic" in the label "monopolistic competition" refers to the fact that: (Read 88 times)

Yolanda

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The word "monopolistic" in the label "monopolistic competition" refers to the fact that:
◦ each firm produces a slightly different version of the product.
◦ there is only one firm producing in the market.
◦ firms have no control over the price they charge.
◦ none of the above


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Marked as best answer by Yolanda on Jul 20, 2019

mcomstock09

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mcomstock09

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