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The U.S. market for locomotives is divided between two producers General electric has 70

The U.S. market for locomotives is divided between two producers: General electric has 70 percent of the market, and General Motors has 30 percent. This market is an example of
 
A. monopolistic competition.
B. a collusive monopoly
C. a duopoly
D. a cartel.

Jun 05 2018 View more View Less

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