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WebEconomics questions and answers. QUESTION ONE [25] The main characteristics that determine the market structures which firms fall under also plays a key role in determining the profit positions of these firms, irrespective of whether it is the short run or long-run time period for these firms. In terms of the above statement, compare with the ... WebAccording to Blank, each market type has its own characteristics and implications, listed below: 1. Existing market. In an existing market, the users, the market and the … potatoes peeled in advance
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