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Compare the tourism industry between Thailand and Malaysia. What are the main differences. Please provide me with a detailed explanation. (market structure) Both Thailand tourism
Compare the tourism industry between Thailand and Malaysia. What are the main differences. Please provide me with a detailed explanation. (market structure)
Both Thailand tourism and Malaysian tourism operate under an oligopoly market structure: the main features are :
1. It is ruled by few firms
2. They are price makers
3. They don't allow others to penetrate
4. They compete on the basis of price; quantity or anyone
Detailed explanation Please
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