KayChariadie
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 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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