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Answer the Following: A.Discuss Each of the Following Economic Market Structures (I.e.,number of Structures

Question 83

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Answer the following:
a.Discuss each of the following economic market structures (i.e.,number of firms in industry,barriers to entry,uniqueness of product):
i.Perfectly competitive market
ii.Monopolistic competition
iii.Oligopoly
iv.Monopoly
b.Match the following industries with the appropriate economic market:
Local cable television company
Restaurants
Canada Post
Cereal
Wheat farmer
Automotive

Correct Answer:

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