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SuperPower Electric Company is the sole provider of electricity in Country Marvel. Without any close substitutes, SuperPower enjoys almost full market share by itself in

SuperPower Electric Company is the sole provider of electricity in Country Marvel. Without any close substitutes, SuperPower enjoys almost full market share by itself in the electrical industry.

(i) With the information provided above, suggest the type of market structure SuperPower is in. Explain your choice. (4 marks)

(ii) List down and explain the other features of the market structure identified in Part (i) above.

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