Why might some people claim that the breakfast cereal industry is monopolistically competitive but that the automobile industry is an oligopoly? In both cases, about eight to ten firms dominate the industry.

Q: monopolist

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Q: ally com

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A: Note:- Since we can only answer one question at a time so, we'll answer the first one. Please repost…

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A: Answer to the question is as follows:

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A:

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