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Select an industry that belongs to any one of the four market structures perfect...

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Question

Accounting

  • 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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