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There are hundreds if not thousands of wineries. Each winery tries to emphasize how their product is superior to others, though they are all close
There are hundreds if not thousands of wineries. Each winery tries to emphasize how their product is superior to others, though they are all close substitutes. Barriers to entry are low in this industry, and profits for new entrants are small. Which industrial model best fits the wine market? Group of answer choices Perfect Competition Oligopoly Monopolistic Competition More than one of these is correct Pure Monopoly
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