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Primary characteristics of the market for cell phones

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Reference no: EM133130906

Market for Cell Phones:

Describes the primary characteristics of the market for cell phones in the US. The descriptive analysis should:

  1. identify which companies are producing for this market and their relative shares of the market for cell phones
  2. clearly describe the structure of this market (perfectly competitive, monopolistically competitive, a monopoly, or an oligopoly) and explain why you came to this conclusion
  3. describe the characteristics of demand for the output of different companies in this market (highly elastic, highly inelastic) and where your data comes from for this conclusion

Reference no: EM133130906

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