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How could you argue that this market is not competitive

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Reference no: EM131734272

Coffee shops in a large city would appear to be examples of competitive markets: there are numerous relatively small sellers, each seller is a price-taker, and the products are quite similar.

A) How could you argue that this market is not competitive?

B) Could each coffee shop face a demand curve that is not perfectly elastic?

C) How profitable do you expect coffee shops to be in the long run?

Reference no: EM131734272

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