There are four dry cleaners in your town. All of them claim to provide the best service.

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There are four dry cleaners in your town. All of them claim to provide the best service. Each shop advertises the unique benefits of its services 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: 9780136679745

6th Edition

Authors: Michael R. Solomon, Mary Anne Poatsy, Kendall Martin

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Question Posted: Apr 08, 2024 08:00 AM

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There are four dry cleaners in your town. All of them claim to provide the best service.

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The correct answer is b monopolistic competition Monopolistic competition is a market structure whe...View the full answer

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