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QUESTION

Identify the four basic market structures, in order, from the best for consumers to the being the best for producers. Describe each in terms of their...

Identify the four basic market structures, in order, from the best for consumers to the being the best for producers. Describe each in terms of their distinguishing characteristics (e.g., monopolies have only one producer). Make certain you describe how the characteristic distinguishes the associated market structure from other market structures.

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