What are the fixed factors of Production
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Which is the least competative of market structure?
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Impeifect competition covers market structures between perfect competition and monopoly, i.e. monopolistic competition and oligopoly. The least competitive market structure is pure monopoly. The greater a firm's market share the more price inelastic demand will be for its product.
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Fixed factors of production are
Which cannot be according to production level
Imperfect markets as least competitive
Which cannot be according to production level
Imperfect markets as least competitive
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