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An automobile company had two new models becoming available for consumer purchase in the fall. The company needed to determine at what price point to

An automobile company had two new models becoming available for consumer purchase in the fall. The company needed to determine at what price point to sell each of the new models.

In which of the economic markets below is the automobile company operating?

  • Monopolistic

  • Perfect

  • Monopoly

  • Oligopoly

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