ECO162 Economics 1 (ECO1602)
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ECO162 (STADIO) Assignment 1 (QUALITY ANSWERS) Semester 1 2024
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This document contains workings, explanations and solutions to the ECO162 Assignment 1 (QUALITY ANSWERS) Semester 1 2024 - For assistance call or Whats-App us on 0.6.8...8.1.2...0.9.3.4........ Task 1A (34 marks) 
Market structures refer to how different industries are classified according to the 
characteristics they have. In Economics we have four different market structures, namely 
perfect competition, monopolistic competition, oligopoly and the monopoly structure. These 
structures differ b...
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