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Author Question: Suppose there are many independent dry cleaners in your city, each of which provides essentially the ... (Read 70 times)

gboileau

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on: Oct 12, 2022
Suppose there are many independent dry cleaners in your city, each of which provides essentially the same service. However, one offers local delivery, another offers free coffee in the shop, while another offers one-hour dry cleaning. Which of the following statements explains what is happening in this market?
◦ These firms are oligopolistic and are engaging in strategic behaviour.
◦ These firms are perfectly competitive and are engaging in strategic behaviour.
◦ These firms are monopolistically competitive and are attempting to differentiate their product.
◦ These firms are perfectly competitive and are attempting to increase sales and maximize their profits.
◦ These firms are perfectly competitive and are engaging in non-price competition.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by gboileau on Oct 12, 2022

JulianneMu

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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gboileau

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

kishoreddi

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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