Discuss the structure of the housing market in sydney

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1.Discuss the structure of the housing market in sydney(perfect competition, monnopoly, monopolistic competition, oligopoly).

2.Some properties are "sold prior to auction", that is, the vendor accepts an offer before the auction is actually run. Investigate and write a summary on how this process works. In particular, is there a hidden auction prior to auction day? It may happen if several buyers make offers prior to the auction.

Reference no: EM13236980

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