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Business, 11.02.2020 18:14 2025hollowaykyva

The automobile industry in a developing country has very few available brands. Of one automobile company raises the prices of its trucks by a certain amount, other automobile companies follow by raising prices by a similar amount. This situation is an example of. a. pure competition.
b. an oligopoly.
c. monopolistic competition.
d. a monopoly.
e. a monopsony.

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