Economics (AS & A Level) · Oct / Nov 2021 · Paper 31 · Question 7
9708Different market structures
In large cities there are streets where many sellers of similar hot foods compete for sales. Which type of market structure does this represent?
- Amonopoly
- Bmonopolistic competition
- Coligopoly
- Dperfect competition
As printed in the paper
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Correct answer: B. monopolistic competition
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