Explain duopoly and monopolistic competition market structures
Explain duopoly and monopolistic competition market structures
Explain duopoly and monopolistic competition market structures, and identify the key factors that distinguish them.
Choose two different industries from your home country (my home country is Pakistan) representing duopoly and monopolistic competition, and identify their key characteristics in relation to the factors used to differentiate between the market structures. Using the real data from your case studies analyse the behaviour of firms and market outcome for each case study.
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