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Suppose a Current-Affairs Investigation Reveals That in a Market That

Question 35

Multiple Choice

Suppose a current-affairs investigation reveals that in a market that was monopolistically competitive all the goods are actually homogenous, that is, there is no differentiation between them.In the short run, the market is then most likely to represent:


A) a competitive market
B) a duopoly
C) a monopoly
D) a monopolistically competitive market

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