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9 April, 05:04

Which type of market structure is most closely associated with the automobile industry?

A. pure competition

B. monopoly

C. monopolistic competition

D. oligoply

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Answers (1)
  1. 9 April, 05:21
    0
    The answer to this question is D. oligopoly

    There's is no proof that one company totally control the market, so both option B and C. is impossible. Each automobile companies may produce a same product, but the product could be different in price and quality, and this eliminated option A.
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