Reference no: EM133133834
Market Structure
Part I:
List and define the characteristics of the various market structures. Then, you should explain each characteristic of the different types of market structure in one or two sentences.
1. Perfect competition
2. Monopoly
3. Monopolistic competition
4. Oligopoly
Part II:
After completing the information requested in Part I, select two (2) of the market structures and, for each one, identify two (2) products (not companies) that can find in said structures.
The justification must be written, at a minimum, in one (1) paragraph of 5 to 6 sentences. Abound in the characteristics of the product to justify your classification.
Market Structure #1
Product #1
Product #2
Justify why this product is classified in this way:
Market Structure #2
Product #1
Product #2
Justify why this product is classified in this way:
Reference:
McEachern, W. (2019). Econ micro (6.a ed.). Cengage Learning
Capítulo 8: Perfect Competition
Capítulo 9: Monopoly
Capítulo 10: Monopolistic Competition and Oligopoly
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