Use the following to answer question: 
-Shops that sell live bait to people in Alabama may be monopolistically competitive if there is product differentiation and differentiation by location.
Definitions:
Collectively Exhaustive
A condition where all possible outcomes or cases are considered together, covering every eventuality.
Probability
A measure of the likelihood of a given event occurring, often expressed as a number between 0 and 1.
Mutually Exclusive
Events or propositions that cannot both be true or occur at the same time, implying the occurrence of one event excludes the occurrence of the other.
P(A)
The probability of event A occurring.
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