Question
May I humbly get an answer please? What might be the market structure best fit in this one? Analyze each description, identify the market structure
May I humbly get an answer please? What might be the market structure best fit in this one?
Analyze each description, identify the market structure that best characterizes the business, and explain reasoning. The four market structures are: pure competition, oligopoly, monopolistic competition, monopoly.
County Cable: County Cable supplies cable access to all local residents. It was a very expensive business to start. The entrepreneurs who started County Cable had to provide underground wire for the entire community. Other companies tried to compete, but the start-up costs were simply too high.
Type of Market Structure:
Reason:
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