1. Moderna and Pfizer currently dominate the COVID-19 mRNA vaccine market representing over 80% of all vaccines administered in the United States and Europe.
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3. Step #1: Identify the market structure for each scenario, Perfect Competition, Monopoly, Monopolistic Competition, or Oligopoly. 
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5. Step #2: Explain your answer by including at least one market structure characteristic from below with an example from the scenario.

Answer rating: 100% (QA)

Step 1 The market structure for the scenario where Moderna and Pfizer dominate the COVID19 mRNA vacc... View the full answer