KayChariadie KayChariadie

24-05-2016
Business

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In which market structure does platinum mining belong? Motivate your answer

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taskmasters taskmasters

26-05-2016

Platinum mining belongs to the market structure that is known as the monopolistic competition. Monopolistic competition occurs when there are many companies producing differentiated products with a downward sloping demand curve that causes the equilibrium price to surpass the marginal cost.

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