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Secondly it will examine the pros and cons of the industry in relation to welfare implications using producer and consumer surplus concepts.This paper will not state which market structure real estate agencies fall under, it is just to what extent the agencies fit into a perfectly competitive industry....A table of these features is contained in Appendix A.These two market structures are on opposite ends of the scale and consequently, the features and benefits of each structure vary quite dramatically....

(Collins, 2013) A monopolistic has total control of profitable action through the ownership or legitimate funding.For comparison, an 1854 American Civil War Howitzer cannon could fire a ball about ten times farther–a little less than a mile.- In the American Economy, business is controlled by the government and the consumer.[tags: Economics Economy Business] - Brisbane, Australia, is the third largest city; where it serves up some of Australia’s best culinary finds.There is a marvellous collection of Brisbane restaurants with everything from stylish boutique eateries featuring top chefs from around the world to local diners than feature Australian specialities (ABC Integra, 2004).

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