From the scenario determine the appropriate type of marketstructure for the situation in question. Cite at least four (4)defining characteristics that have helped you reach this decisionregarding the appropriateness of the chosen structure. Recommendtwo (2) kinds of pricing and output strategies that KatrinasCandies should use to reach the goal of profit maximization.Suggest key modifications that Katrinas Candies should make inorder to maintain a competitive advantage when new entrants enterthe market. Provide a rationale for your suggestions.

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