28. A town in India has three Milk producing companies. The owners of these milk companies make decisions together about when to raise and lower milk prices. It would be difficult for another milk...


28. A town in India has three Milk producing companies. The owners of these milk companies make decisions together about when to raise and lower milk prices. It would be difficult for another milk company to enter this market. Which market structure best describes this market?




a.
Monopoly




b.
Oligopoly




c.
Perfect competition




d.
Monopolistic competition






Jun 07, 2022
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