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Title: In Chicago there are many restaurants. Each restaurant is slightly different from every other ... Post by: D-john on Apr 28, 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 Title: In Chicago there are many restaurants. Each restaurant is slightly different from every other ... Post by: BobbyD on Apr 28, 2019 Content hidden
Title: In Chicago there are many restaurants. Each restaurant is slightly different from every other ... Post by: D-john on Apr 28, 2019 Brilliant
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