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Producers

If one were to do a research on olive oil and its producers around the world, they would come up with many varieties and producers of olive oil. Carry out such a search for Greek olive oil from Greece, considered to be the third leading producer of olive oil in the world. Do you expect to find significant variations in prices? Would you characterize the olive oil market a monopolistically competitive one? Explain. (Note: One could replace Greece with Spain, Italy, or Turkey).

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