There are four coffee shops in your town. All of them claim to have the freshest-tasting coffee.

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There are four coffee shops in your town. All of them claim to have the “freshest-tasting coffee.” Each shop advertises the unique benefits of its coffee and prices. This is an example of

a. pure monopoly.

b. monopolistic competition.

c. a regulated monopoly.

d. an oligopoly.

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Better Business

ISBN: 9780134522746

5th Edition

Authors: Michael Solomon, Mary Poatsy, Kendall Martin

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