Question

Under which market structure does the action of one firm have a spillover effect on the decision of another firm

Answer 1

if the company is in the world market

Answer 2

Monopoly

Step-by-step explanation:

In a monopoly market, factors like government license, ownership of resources, copyright and patent and high starting cost make an entity a single seller of goods. All these factors restrict the entry of other sellers in the market. Monopolies also possess some information that is not known to other sellers.

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