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When many producers are selling slightly differentiated products is a situation where monopolistic competition exists.

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Wiki User

7y ago
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Jordan Hubbard

Lvl 3
4y ago

A small number of producers command nearly the entire market for a certain good or service.

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Anonymous

Lvl 1
3y ago

A small number of Producers command nearly the entire market for a certain good or service

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Anonymous

Lvl 1
3y ago

A small number of

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Q: What best describes a situation where oligopoly exists?
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