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insherro insherro
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Posts: 671
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7 years ago
Assume it is announced that a large number of new competitors have entered the market for mountain bikes, each offering a different model. Based on this information, this industry is best characterized as:
A) perfectly competitive.
B) a monopoly.
C) monopolistically competitive.
D) an oligopoly.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
Read 125 times
1 Reply
University of Ottawa - Economics for Managers
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sofreshsofresh
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Posts: 466
7 years ago
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1
Sweet Caroline
Good times never seemed so good
I've been inclined,
To believe they never would
Oh, no, no

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