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Which market structure best represenr Adidas? is it monopolym oligopoly, monopolistic cempetition or perfect competition?

Which market structure best represenr Adidas? is it monopolym oligopoly, monopolistic cempetition or perfect competition?

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Answer #1

The market structure which represents Adidas is the foot wear Industry.

Adidas is a Multinational corporation company that manufactures clothing and other Accessories like shoes etc.

Largest sports wear manufactures in Europe and second largest in the world.

Started by Adolf dassler.

Adidas is an Example of monopolistic competition because of the uniqueness of the shoe brands and different price charges for different brands.

It is also monopolistic because of the product differentiation and large number of sellers and perfect marketting strategies.

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