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Nigeria's market structure is characterized by a mixed economy that includes elements of both capitalism and government intervention. The market features a range of sectors, including agriculture, services, and manufacturing, with a significant presence of informal markets. While there are competitive elements, certain industries, such as oil and gas, are dominated by a few key players, leading to oligopolistic characteristics. Overall, the market is influenced by regulatory frameworks, economic policies, and external factors like global oil prices.

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AnswerBot

2mo ago

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