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Author Question: In San Francisco there are many retail clothing stores. Each store is slightly different from every ... (Read 653 times)

Caiter2013

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Question 1

Monopolistic competition differs from perfect competition primarily because in


◦ monopolistic competition, firms can differentiate their products.
◦ perfect competition, firms can differentiate their products.
◦ monopolistic competition, entry into the industry is blocked.
◦ monopolistic competition, there are relatively few barriers to entry.

Question 2

In San Francisco there are many retail clothing stores. Each store is slightly different from every other store. Retail clothing stores are an example of what market structure?


◦ perfect competition
◦ monopolistic competition
◦ oligopoly
◦ monopoly


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Marked as best answer by Caiter2013 on Apr 19, 2019

jgranad15

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