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Differences in the productive and allocative

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Reference no: EM13172850

There are 4 general market structures detailed in this section:

a. Perfect Competition

b. Monopoly

c. Monopolistic Competition

d. Oligolistic Competition.

1. Compare and contrast each market structure. Make sure to discuss the differences in the productive and allocative efficiency when comparing and contrasting.

2. What market structure most describes the oil industry in the US? What regulatory policy would you enact if you wanted to lower the pump price of gasoline?

Reference no: EM13172850

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