Monopolistic Competition-Which Is Typical in Our Market-Directed Economy-Is Caused By

question 129

Multiple Choice

Monopolistic competition-which is typical in our market-directed economy-is caused by:

• A) manipulation of markets by business firms.
• B) customer preferences.
• C) consumers' unwillingness to pay for differentiated products.
• D) business preferences.
• E) None of these cause monopolistic competition.

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Definitions:

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Permits issued by government agencies that allow individuals or entities to sell alcoholic beverages legally.

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