Assuming that the road sector has four large suppliers namely; Dhofar Logistic, Salalah Logistic, Sohar Logistics and Nizwa Logistics. These represent which type of market structures? A. Monopoly market Imperfect competition C. Oligopoly market D. Perfect market

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A: Option (C) is correct. It means that the monopolist firm will keep producing both in the short run…

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