In Sioux Falls, South Dakota, there are many pizza restaurants, each offering similar types of pizza but each restaurant is located in a different place around the city. It is likely a pizza restaurant in Sioux Falls, South Dakota, operates in a(n):
A. perfectly competitive market.
B. monopolistically competitive market.
C. monopoly market.
D. oligopoly market.
Answer: B
Economics
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The sole proprietorship constitutes what percentage of the total number of firms in the United States?
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