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(a)The examples of products in this market structure are agricultural products, such as vegetable, fruits and others. Identify the market structure stated above and explain

(a)The examples of products in this market structure are agricultural products, such as vegetable, fruits and others. Identify the market structure stated above and explain THREE (3) characteristics of this market structure. (6 marks)

(b)Accounting profit is greater than Economic profit. Interpret the statement above with relevant examples. (4 marks)

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