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Firms do not have market power in which of the following market structures?
Copyright
A legal right granted by the government to creators of original works, giving them exclusive rights to use and distribute their creations for a certain period of time.
Patent
A legal right granted to an inventor, providing exclusive commercial rights to an invention for a certain period.
C Corporations
A type of corporate structure where the business is taxed separately from its owners, offering limited liability protection to its shareholders.
Tax Advantages
Financial benefits derived from tax laws, which reduce the tax liability of an individual or business.
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