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Loraine Loraine
wrote...
Posts: 4563
9 years ago
Because of the number of firms in monopolistic competition,
A) each firm has a large market share.
B) it is possible for the firms to collude.
C) no one firm can dominate the market.
D) one firm has the ability to dictate market conditions.
E) each firm must carefully monitor what its competitors do.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 206 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Answer verified by a subject expert
VincenzoDVincenzoD
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Posts: 1913
9 years ago
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Loraine Author
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9 years ago
Correct Slight Smile TY
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Thank you, thank you, thank you!
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2 hours ago
this is exactly what I needed
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