Which scenario best represents monopolistic competition? a. two new restaurants open to compete with a national food chain. b. two firms compete against each other to sell pearls in an urban market. c. a family decides to stay at specific hotel on vacation because it has a swimming pool with a slide. d. a company wins a contract to be the sole provider of phone and cable television service for a city. i believe the answer is d. however, i'm not 100% sure. note: this particular question is in the economics field.
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Which scenario best represents monopolistic competition? a. two new restaurants open to compete wit...
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