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Although this seems reasonable, we're not meant to have learnt about it until the next chapter, so I'm confused now. Everything was going fine until I got to chapter 3. I can't find the answers to the questions in the book, and I haven't learnt it in class either...I would say open and closed?
Closed = no import / export
Open = import / export
Oh
I misread question..
2 types of market:
Probably looking at monopoly and pure competition, chuck in oligopoly and monopolistic competition too![]()
Monopoly/oligopoly/monopolistic competition/perfect competition are forms of market structures, not markets.2 types of market:
Probably looking at monopoly and pure competition, chuck in oligopoly and monopolistic competition too