Mathematics, 16.11.2020 06:30 Basicwhitegirl1
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Three restaurants in town sell hamburgers. Restaurant A increases the price of its hamburger to $2; Restaurants B and C follow the example and increase the price of their hamburgers to $2 as well. This an example of:
a. perfect competition.
B. a monopoly.
C. monopolistic competition.
D. an oligopoly.
Answers: 3
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