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13 June, 08:40

Which of the following types of firms is most likely to be a monopolistic competitor?

A. A local telephone company

B. An automobile manufacturer

C. A restaurant

D. All of the above are likely to be monopolistic competitors.

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Answers (1)
  1. 13 June, 09:06
    0
    C) A restaurant

    Explanation:

    Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another, so option C is more valid.
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