Match the characteristics with their market structure:
(a) Price > MC in both short and long run
(b) Faces highly elastic demand
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Q:
Match the characteristics with their market structure:
(a) Price > MC in both short and long run
(b) Faces highly elastic demand
- 1(a) Monopolistic competition, (b) Pure competitionfalse
- 2(a) Pure Monopoly, (b) Monopolistic competitiontrue
- 3(a) Pure competition, (b) Monopolistic competitionfalse
- 4(a) Oligopoly, (b) Pure competitionfalse
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