Answer to Question #228366 in Microeconomics for yordi

Question #228366

a.       What do you think is the market structure for meter taxi transportation in Addis? Give your justificationsa.      


1
Expert's answer
2021-08-24T14:06:23-0400

The market structure for meter taxi transportation in Addis is oligopoly. This is because the industry is dominated by a small number of large firms, selling identical or differentiated services, higher barriers of entry, and interdependence.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS