For each of the following, is the industry perfectly competitive? If not, is it a monopoly, oligopoly, or monopolistically competitive firm?                                Explain your answers, referring to market share, standardization of the product, and/or free entry and exit. The market for carrots in the U.S.   The market for cars in the U.S.   Restaurants in Philadelphia

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A:

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A: (C)

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Q: Monopolistically competitive firms can earn above-normal economic profits in the short run.

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