There are about 2,000 nail salons in New York City.Most salons are small businesses and offer a wide array of services.Based on this information,which of the following best describes the structure of this market in New York City?
A) A monopoly
B) A monopolistic competition
C) An oligopoly with differentiated products
D) An oligopoly with homogeneous products
Correct Answer:
Verified
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Q17: Homogeneous products are found in _.
A) perfect
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