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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 or firms,
  • type of product,
  • entry/exit barriers,
  • market power

Explain your reasoning and provide the rationale for your answer.

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