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Market for Cell Phones: Describes the primary characteristics of the market for cell phones in the US. The descriptive analysis should: identify which companies are
Market for Cell Phones:
Describes the primary characteristics of the market for cell phones in the US. The descriptive analysis should:
- identify which companies are producing for this market and their relative shares of the market for cell phones
- clearly describe the structure of this market (perfectly competitive, monopolistically competitive, a monopoly, or an oligopoly) and explain why you came to this conclusion
- describe the characteristics of demand for the output of different companies in this market (highly elastic, highly inelastic) and where your data comes from for this conclusion
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