-Even though four firms can profitably sell hotdogs in Adelaide's Rundle Mall, the Adelaide City Council licenses only two firms. This market is a

Name: -Even though four firms can profitably sell hotdogs in Adelaide's Rundle Mall, the Adelaide City Council licenses only two firms. This market is a
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The Adelaide City Council's decision to license only two firms creates a legal duopoly, as the restriction is imposed by law rather than by natural market conditions or resources.

-Even Though Four Firms Can Profitably Sell Hotdogs in Adelaide's