Characteristics of four types of markets

Reference no: EM1312684

In the following list a number of well-known companies and the products that they sell. Which of the four types of markets (perfect competition, monopoly, monopolistic competition, and oligopoly) best characterizes the markets in which they compete? Explain why.

a. MacDonald's-hamburgers

b. Exxon-Mobil-gasoline

c. Dell-personal computers

d. Heinz-ketchup

e. Starbucks-gourmet coffee

Reference no: EM1312684

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