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Economics
MEDIUM
ENGLISH
Economics
When one firm in the breakfast cereal market started an advertising campaign that stressed the nutritional value of its cereals, all other cereal manufacturers started similar advertising campaign This suggests that the breakfast cereal market is ?
A
monopolistically competitive
Option A
oligopolistic
Correct answer
C
perfectly competitive
Option C
D
indeterminate from this information
Option D
Correct answer: B
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