Illustrate what type of market structure is auto industry

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Q. Compare automotive manufacturing industry today to automotive manufacturing industry of 1950's. Applying economics of cost and output, Illustrate what is difference between industry of today and that of 1950's. Illustrate what type of market structure is auto industry? Has consumer surplus been affected in any way due to changes in auto industry structure and if so, how?

Reference no: EM1367327

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