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(a) Describe and discuss the Structure Conduct Performance framework
(b) The hypotheses of interest in the Structure Conduct Performance framework are as follows:
Hypothesis 1: The exercise of market power should increase as concentration increase
Hypothesis 2: The greater the barriers to entry, the greater the exercise of market power
Explain available empirical evidence on each of these hypotheses.
Explain the elasticity of price expectations?
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as mention above, the physical demand for gold rises in india during late summer and the beginning of fall.what situation occurs at the end of the year?
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