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Which scenario BEST represents monopolistic competition?
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Which scenario BEST represents monopolistic competition?

User Sebastien D
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A company wins a contract to be the sole provider of phone and cable television service for a city.
User Jayne Mast
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The best scenario of monopolistic competition is when a SPECIFIC product or service is preferred.

EXAMPLES ARE . . .

A family decides to stay at SPECIFIC hotel on vacation because it has a swimming pool with a slide.

A college student chooses cellular service based on the availability of a SPECIFIC type of phone.


User Dmackerman
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