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A particular car manufacturer regards his business as highly competitive, as he is keenly aware of his rivalry with the other car manufacturers. Like others, he undertakes vigorous advertising campaigns and seeks to convince potential buyers of the superior quality and better style of his automobiles and react very quickly to claims of superiority by rivals. Identify the market structure from economics point of view? Justify the answer by explaining the features of this market.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91753160

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