Question: Attached is the question: |Assessment Question Week 5 and 6: Market structure Question 3 7 Marks Adidas is one of the high-class sports shoe dealers

Attached is the question:

|Assessment Question Week 5 and 6: Market structure Question 3 7 Marks Adidas is one of the high-class sports shoe dealers in Melbourne with the following short run cost curves. Answer the question that follow 90 MIC ATC Pricel Cest (AND 100 150 300 250 200 quantity i. Use 2 characteristics to explain the market structure for Adidas Sports Shoe Company. (4 marks) ANSWER: ii. Calculate this firm's profit or loss for Adidas shoe company. (3marks)

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