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Adidas is one of the high-class sports shoe dealers in Melbourne with the following short run cost curves. Answer the question that follow i.Use 2

Adidas is one of the high-class sports shoe dealers in Melbourne with the following short run cost curves. Answer the question that follow

i.Use 2 characteristics to explain the market structure for Adidas Sports Shoe Company.(4 marks)

ANSWER:

ii.Calculate this firm's profit or loss for Adidas shoe company. (3marks)

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