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If an entrepreneur is trying to sell merchandise in a purely competitive environment, why doesn't the entrepreneur simply select another market structure? The entrepreneur has
If an entrepreneur is trying to sell merchandise in a purely competitive environment, why doesn't the entrepreneur simply select another market structure? The entrepreneur has more control over price levels in the current environment The actions of sellers and buyers influence the entire market structure Customers would become too insensitive to prices A monopoly market structure would face constant attempts at new entry because of the high profit potential
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