Question: What do you understand by market structure and how does the four market structures differ from each other in terms of 1) Product type, pricing,

What do you understand by market structure and how does the four market structures differ from each other in terms of
1) Product type, pricing, non-price competition, entry and exit, and number of firms?
What are the reasons why a monopolist will practice price discrimination?

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Market structure refers to the characteristics and organization of a market including factors such as the number of firms the nature of the product ba... View full answer

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