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Select an industry that belongs to any one of the four market structures - perfect competition, monopoly, monopolistic competition or oligopoly.Explain why you think it

Select an industry that belongs to any one of the four market structures - perfect competition, monopoly, monopolistic competition or oligopoly.Explain why you think it belongs to your identified market structure based on the market characteristics

number of firms, (2 marks)
type of product, (2 marks)
entry/exit barriers, (2 marks)
market power (2 marks)

Explain your reasoning and provide the rationale for your answer.

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