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24 March, 19:22

The consumer wi-fi-service providers' market is best described as a

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  1. 24 March, 22:17
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    The correct answer is: differentiated oligopoly.

    Explanation:

    The consumer wi-fi service provider's market is a differentiated oligopoly. There are few firms in the market, these firms provide differentiated wi-fi plans.

    The firms are interdependent on each other and the market decision of each firm affects its rivals. There is a high degree of competition in the market. The firms are price makers and face a downward sloping curve.
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