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Choose and research an industry where there has been a pattern of change in a particular market model
(monopoly, oligopoly, etc.)and describe the industry and explain the general pattern of change of the particular market model.Then hypothesize the basic short-run and long-run behaviors of the model in the industry you have
chosen in a “market economy then analyze at least three (3) possible areas for the industry that could lead to transaction costs, and
explain each in detail.
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