Use the three conditions for monopolistic competition discussed in the chapter to decide which of the following
Question:
If they are not monopolistically competitive firms, are they monopolists, oligopolists, or perfectly competitive firms?
a. A local band that plays for weddings, parties, and so on
b. Minute Maid, a producer of individual-serving juice boxes
c. Your local dry cleaner
d. A farmer who produces soybeans
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