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Answer to Question #72178 in Microeconomics for Mo

Question #72178
What does the evidence from the article suggest about the market structure operating in the rail industry? Justify your answer. (20 marks) I was wondering if it is monopoly?


Expert's answer
The evidence from the article suggests that the market structure operating in the rail industry is a monopoly, because it is the only supplier of railway connections and can change the price, so it is price-maker.

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