Do the following industries more closely resemble a Monopolistic Competition market and / or an Oligopoly? ? 1. 3 major companies make up the game console market ? 2. Laurie is looking for travel insurance and found only 2 companies that offer it 3. Marcella can take her car for repair to many mechanics in the area, but some offer more reliable service A. Monopolistic Competition B. Oligopoly
Do the following industries more closely resemble a Monopolistic Competition market and / or an Oligopoly? ? 1. 3 major companies make up the game console market ? 2. Laurie is looking for travel insurance and found only 2 companies that offer it 3. Marcella can take her car for repair to many mechanics in the area, but some offer more reliable service A. Monopolistic Competition B. Oligopoly
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter16: Monopolistic Competition
Section: Chapter Questions
Problem 4QCMC
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