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There are differences between the characteristics of a perfectly competitive market and a monopoly market

There are differences between the characteristics of a perfectly competitive market and a monopoly market.

a) Using the characteristics above, describe a perfectly competitive market & a monopolistic market in Malaysia.

b) Using the concepts of a perfectly competitive market and a monopoly market, decide on the type of market structure for the following:

i) Sunkist, a producer for juice beverages in Malaysia.

ii) A farmer who produces corn in the Northern-states of the Peninsular Malaysia.

c) Which of these market structures is the most prevalent in the Malaysian economy? Justify your answer.

Feb 07 2020 View more View Less

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