During the summer there are several hot dog stands spread, Ask an Expert

Economics

During the summer, there are several hot dog stands spread around downtown Boston. They sell very similar products, have little leverage over their market's price, earn little long-run profit, and are not protected from entry and exit by laws and regulations. They most closely resemble:

A, Perfectly competitive firms B, Monopolistically competitive firms C, An oligopoly D, Monopolies

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91696840

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