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Market structure

society Maturity 11-13

People buy and sell many things.

Herfindahls index.jpg
Herfindahls index.jpg
Some places have many sellers. This helps keep prices low. Other places have only one seller. That seller picks the price. How do we find what we need? Do you like to shop?

41 words
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File:Herfindahls index.jpg
Herfindahls index.jpg
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📚 Content adapted from Wikipedia | Readability: FK 15.2 | Vital Level 5