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The NEWSWIRE Article in the Text Is Titled "T-Shirt Shop

Question 7

Multiple Choice

The NEWSWIRE article in the text is titled "T-Shirt Shop Owner's Lament: Too Many T-Shirt Shops." If T-shirt shops are perfectly competitive firms,then:


A) There are few T-shirt shops.
B) The shops sell identical products.
C) The barriers to entry are high.
D) The shops have market power.

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