If identical products are sold by firms participating in a market, the market is which of the following?
(i) perfectly competitive
(ii) an oligopoly
(iii) monopolistically competitive
A)(i) or (ii)
B)(ii) or (iii)
C)(i) or (iii)
D)(i) only

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The Answer of If identical products are sold by firms participating in a market, the market is which of the following?
(i) perfectly competitive
(ii) an oligopoly
(iii) monopolistically competitive
A)(i) or (ii)
B)(ii) or (iii)
C)(i) or (iii)
D)(i) only

If Identical Products Are Sold by Firms Participating in a Market