Solved: Summarize the main characteristics of four market structures, Microeconomics

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Summarize the main characteristics of four market structures

Discussion:

Summarize the main characteristics of the four market structures. Explain the main advantages of having a competitive market system in a country? What is the system we have in the United States, monopoly, monopolistic competition, pure competition and oligopoly?

Write your initial response in four paragraphs.

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Microeconomics: Summarize the main characteristics of four market structures

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