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Use the scenario to answer the following question. Lilly is trying to start a new company. However, there are already two similar companies in her
Use the scenario to answer the following question. Lilly is trying to start a new company. However, there are already two similar companies in her hometown, so she is finding it very difficult to get started. Her only option is to advertise against the other companies claiming she has a better product. What market structure is BEST represented in the scenario? A. Oligopoly B. Monopolistic competition C. Pure (perfect) Competition D. Monopoly
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