Question
Multiple Choice question Give two examples of products sold in perfectly competitive markets and two examples of products sold in monopolistically competitive markets. A) Cigarettes
Multiple Choice question
Give two examples of products sold in perfectly competitive markets and two examples of products sold in monopolistically competitive markets.
A) Cigarettes and beer are sold in perfectly competitive markets and Maybelline cosmetics and Ralph Lauren cologne are sold in monopolistically competitive markets
B) Apples and oranges are sold in perfectly competitive markets and electricity and cable TV are sold in monopolistically competitive markets
C) Maybelline cosmetics and Ralph Lauren cologne are sold in perfectly competitive markets and cigarettes and beer are sold in monopolistically competitive markets.
D) Apples and oranges are sold in perfectly competitive markets and Maybelline cosmetics and Ralph Lauren cologne are sold in monopolistically competitive markets
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