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Answer to Question #125482 in Microeconomics for zanele

Question #125482
what market structure does nike,addidas and fila operate
1
Expert's answer
2020-07-08T17:48:36-0400

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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