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01-05-2024
Business

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Price (R) 100 88 00 D1 50 b D2 100 150 100 Quantity/Units 1.7.1. Which imperfect market structure is illustrated above? 1.7.2. Name the downward sloping demand curve above. 1.7.3. Explain how price leadership works in this type of market. (1) (1) (4) 1.7.4. Assume that the current selling price is R90. Explain why this business will not lower prices to improve its sales. (4)

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