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Answer to Question #125482 in Microeconomics for zanele
Question #125482
what market structure does nike,addidas and fila operate
Expert's answer
Nike, Addidas, and Fila operate in monopolistic competition. It is a market structure in which
- a large number of manufacturers compete,
- each manufacturer produces a differentiated product,
- firms compete in price, quality, marketing, and branding,
- enter and exit in the market is free.
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