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प्रश्न
What does market structure mainly explain about firms in a market?
विकल्प
Their total production cost
Their power to influence product price
Their advertising budget
Their legal form of ownership
MCQ
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उत्तर
Their power to influence product price
Explanation:
Market structure describes how a market is organised and indicates how much control each firm has over the price of its product, from no power in perfect competition to high power in monopoly.
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