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Author Question: In Chicago there are many restaurants. Each restaurant is slightly different from every other ... (Read 193 times)

oliviahorn72

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on: Apr 19, 2019

Question 1

Perfect competition differs from monopolistic competition primarily because


◦ in perfect competition, firms have homogeneous products.
◦ in perfect competition, price is a decision variable.
◦ in monopolistic competition, entry into the industry is limited.
◦ in monopolistic competition, there are many firms in the industry.

Question 2

In Chicago there are many restaurants. Each restaurant is slightly different from every other restaurant. Restaurants are an example of which market structure?


◦ perfect competition
◦ monopolistic competition
◦ oligopoly
◦ monopoly
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by oliviahorn72 on Apr 19, 2019

carojassy25

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Reply #1 on: Apr 19, 2019
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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oliviahorn72

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Reply #2 on: Apr 19, 2019
TY


carojassy25

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Reply #3 on: Apr 19, 2019
You're welcome


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