question archive Suppose the price you are willing to pay for a new car is greater than the marginal cost of producing that new car
Suppose the price you are willing to pay for a new car is greater than the marginal cost of producing that new car
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Suppose the price you are willing to pay for a new car is greater than the marginal cost of producing that new car. Under which market structure could you be most confident that you would be able to buy that new car?
a) Perfect Competition
b) Monopolistic competition
c) Oligopoly
d) Monopoly
Option 1
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