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6.3 What are the four types of market structure encountered in the economy? How is price competition affected by i) the number of firms in
6.3 What are the four types of market structure encountered in the economy? How is price competition affected by i) the number of firms in the industry; ii) the type of product sold; and iii) barriers to entry. 6.4 What are the various types of competition pursued by companies? In which type of markets does one encounter the most price competition? In which type of markets does one encounter the most product competition? Explain how and why
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