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For the following economic situation, identify what the market structure is: perfect competition, monopoly, monopolistic competition, or oligopoly. a) What type of market is your
For the following economic situation, identify what the market structure is: perfect competition, monopoly, monopolistic competition, or oligopoly. a) What type of market is your firm in? b) Describe at least two characteristics that identify it in the Market 1) You are the owner of a firm dedicated to the production of luxury shoes and you receive an invitation from country " Y " to establish your firm in that country. In the meetings agreed with the government, it is found that they will issue a law where they are granted the absolute rights to produce this type of shoes as long as 30% of the firm's employees are from the country. In addition, you receive a preferential rate of 10% on contributions. The Gross Domestic Product (GDP) has had a constant growth of 4.5% and the inflation rate has been without significant growth for the last five years
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