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how would you describe its market structure of the private school of basic education and why?...

how would you describe its market structure of the private school of basic education and why? How narrowly/broadly are you defining the market

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The market structure of private schools of basic education can be defined as monopolistic competition . We find many private schools for basic education in a city at some distance . They might not be in abundance but atleast the competition is not among a few to be called an oligopoly . Further each schools provides same level of education but with slight differentiation in standard , syllabus , pattern and co ordination . This makes the market structure monopolistically competitive . They charge more or less same price or fees for education and in long run get normal profits .

This definition is quite a broad definition as this market structure varies from place to place . Every city do not have abundant schools or every city do not have same laws regarding educational expenses and privatization of education .

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