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With footware sales of USD 28 Billion in the fiscal year ended 31 May 2021, Nike is still No. 1 in the sneakers market. Identify

With footware sales of USD 28 Billion in the fiscal year ended 31 May 2021, Nike is still No. 1 in the sneakers market. Identify the market structure where Nike operates. (2 marks) Discuss at least 2 features of that market structure (5 marks).

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