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Question 3 Indicate the most likely market structure that each of the following business would be in: (a) Hairdresser (b) Dairy farmer (c) Biscuit manufacturer

Question 3

Indicate the most likely market structure that each of the following business would be in:

(a) Hairdresser

(b) Dairy farmer

(d) KTM Komuter

(e) International airlines

Provide the justifications for your answers. [25 marks]

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