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For which market structure do economists have the least precise model of price determination?
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For which market structure do economists have the least precise model of price determination?
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Apr 27, 2018
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For which market structure do economists have the least precise model of price determination?
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David Leitner
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The market structure for which economists have the least precise model of price determination is
oligopoly.
Oligopoly is a market structure in which a small number of firms has the large majority of market share.
Jason Whitehorn
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May 4, 2018
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