FOUR MARKET MODEL.docx - 12 Question 1 Significant legal...

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12 Question 1 Significant legal barriers to entry are common in which of the following industries? Coffee baristas Jewelry making Babysitting services Legal services
Correct  View solution Question 2  is/are the closest real-world example of a perfectly  competitive industry.
Question 3 Which of the following industries is a real-world example of monopolistic competition?
Solution Question 4 Nicole is frustrated because there are no alternatives to her local energy supplier,  BuzzNY. Click on the market structure that applies to BuzzNY. MONOPOLY
Correct  View solution Question 5 Which of the following is a characteristic of a monopolistic competition? All firms sell a standardized (homogeneous) product. Monopolistic competition is not a market structure that is frequently observed in the real world.

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