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Identify and elaborate on characteristics

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Question: Beetle Pte Ltd (Beetle) has a small dose of monopoly power among her loyal customers. However, it still faces a considerable amount of competition from more than 30 other firms in the market, each having a very small share of the market. 1) Based on the above information, what type of market structure do you think Beetle operate in?

Identify and elaborate on THREE (3) characteristics of such a market structure.

Given the nature of such a market structure, discuss TWO (2) strategies which a firm in the market can adopt.

Reference no: EM133711810

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