(a) Which of the following products would most likely represent a perfectly competitive market? Explain your reasoning. . Nokia phones . Apples (the fruit, not
(a) Which of the following products would most likely represent a perfectly competitive market? Explain your reasoning. . Nokia phones . Apples (the fruit, not the smart phone) . Adidas shoes . Fast-food restaurants (b) in the above list of products in part (a), would you consider any of them to represent a monopoly market? Explain why or why not
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