Market structure is determined mainly by the size of firms.
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Q6: The number of tomato producers is of
Q7: Perfectly competitive producers do not need to
Q8: A monopolist has a strong incentive to
Q9: Cross elasticity is higher the more perfect
Q10: Two goods must have infinite cross elasticities
Q12: For a monopoly, the entry of new
Q13: The goods produced by oligopolists are close
Q14: As new firms enter a market, the
Q15: The purpose of advertising is to shift
Q16: Typically, perfect competitors advertise their specific goods.
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