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In terms of economics, Instacart operates in a market structure known as monopolistic competition, where there are many firms selling differentiated products. The company can
In terms of economics, Instacart operates in a market structure known as monopolistic competition, where there are many firms selling differentiated products. The company can influence its prices to some extent due to product differentiation but still faces competition. Instacart's demand can be influenced by factors such as income levels, consumer preferences, and the prices of related goods. Its supply can be affected by factors such as the cost of labor, technology, and the prices of inputs
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