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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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