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Though only few firms, the Smartphone industry is quite competitive as the firms operating in this industry are more powerful and bigger. Further, it not

Though only few firms, the Smartphone industry is quite competitive as the firms operating in this industry are more powerful and bigger. Further, it not easy for new firms to enter to this industry. What do you think about the market structure of Smartphone industry?

a. Oligopoly

b. Perfect competition

c. Monopolistic competition

d. Monopoly

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