In what type of market is each of the following goods and services sold? Explain your answers.
Question:
In what type of market is each of the following goods and services sold? Explain your answers.
• Breakfast cereals
• Smartphones
• The only restaurant in a small town
• Oranges
• Air travel in a town serviced by one airline
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Breakfast cereals The breakfast cereal market is an oligopoly because it is dominat...View the full answer
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