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Explain each of the three characteristics of a market structure and how the mark
Explain each of the three characteristics of a market structure and how the market/industry you chose relates to each of these characteristics.
Remember, all Market Structures are defined by these three criteria:
Similarity of Products
Ease of Entry & Exit
Then make a conclusion about which type of market structure your industry fits best.
In addition to the above, explain why this industry is an example of market failure.
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