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economics. Assessment Question Week 5 and 6: Market structure Question 3 7 Marks Adidas is one of the high-class sports shoe dealers in Melbourne with

economics.

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Assessment Question Week 5 and 6: Market structure Question 3 7 Marks Adidas is one of the high-class sports shoe dealers in Melbourne with the following short run cost curves. Answer the question that follow 90 MC - ATC 70 Price Cast LAUD DD 40 30 20 100 150 200 250 300 quantity 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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