For each of the markets listed below, identify the market structure that best matches their competitive...
Homework Answers
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a.
Ans: Monopolistic.
Explanation:
Operating systems are not homogeneous but differentiated. There are large number of sellers.
b.
Ans: Perfect competition:
Explanation:
Homogeneous. There are large number of sellers.
c.
Ans: Oligopoly with heterogenous good.
Explanation:
Few sellers and differentiated product.
d.
Ans: Monopolistic competition.
Explanation:
Large number of sellers are there. Good is differentiated.
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Items (6 items) (Drag and drop into the
appropriate area below)
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Determine whether the markets, businesses, or products listed
below belong in a competitive market, a monopoly, or a
monopolistically competitive market.
Items (6 items) (Drag and drop into the
appropriate area below)
American Eagle
Burger King
Merck's cholesterol-fighting drug
your local electric company
the stock market
a farmer who grows corn
Categories:
Monopoly
Monopolistic comp.
Competitive market
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Provide th structure that best matches each spectra
below
Prollem 57 Compound D, C,H.O. 90 100 10 180 150 40 130 120 110 100 9 0 T0 60 50 40 30 20 Problem 5.7 Compoand E, C.H,Be 190 180 170 160 150 O 130 120 110 100 0 80 0 60 s0
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