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Business, 18.10.2020 01:01 majakvcvc77

The market for breakfast cereals is dominated by a few large corporations. Each corporation produces a high volume of breakfast cereals and takes advantage of economies of scale to produce the breakfast cereals efficiently. This allows them to sell the products at a price that smaller firms cannot, because the smaller firms would not make a profit. What type of market structure is the market for breakfast cereals? A pure competition

B monopolistic competition

C oligopoly

D monopoly

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