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CFA Level 1
Economics

Market Structure of a Coffee Shop

Easy Microeconomics Market Structures

A local coffee shop operates in a competitive market where there are many buyers and sellers, and no single participant can influence the market price. This market characteristic defines the structure in which the coffee shop operates. The shop offers a variety of coffee drinks and pastries to attract customers. Given the described market environment, what is the market structure in which the coffee shop operates?

Hint

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