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