You walk into a store to buy some AAA batteries for your transistor radio, and the store offers you two choices. Duracell and Eveready. Both charge the same price $3.99 for a package of four. Is this situation a sign of dual monopoly or perfect competition? What criteria would you use to determine the difference?

You walk into a store to buy some AAA batteries for your transistor radio, and the store offers you two choices. Duracell and Eveready. Both charge the same price $3.99 for a package of four. Is this situation a sign of dual monopoly or perfect competition? What criteria would you use to determine the difference?

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter25: Monopoly

Section: Chapter Questions

Problem 11E

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