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2 April, 19:51

Due to the existence of a large number of similar, but not identical, substitutes in most communities, the market for chiropractors is best considered:

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  1. 2 April, 19:59
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    Due to the existence of a large number of similar, but not identical, substitutes in most communities, the market for chiropractors is best considered monopolistically competitive.

    A monopolistic competition is when different producers sell products that are differentiated by branding/quality. Since they differentiate in such ways, they are not perfect substitutes for one another.
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