Explain how the market is defined

Reference no: EM13185549

Write a classifying each of the following industries into the appropriate market structure with which it most closely aligns. For each classification, identify it by using the letters assigned to each type of market

Industries to Classify 0

Agriculture 0

Construction 0

Computer and electronic products 0

Furniture 0

Tobacco 0

Paper products 0

Plastics 0

Air transportation 0

Insurance 0

Food service 0

Hospitals 0

Physician services 0

Accounting services 0

Legal services 0

Spectator sports 0

Amusement parks 0

Real estate 0

Banking 0

Educational services 0

Gambling 0

Clothing 0

Automobiles 0

Electricity 0

Cell phone services 0

Appliances0

Bottled water 0

o Pharmaceuticals

• Classifications to Use

o PC = Perfect Competition

o MC = Monopolistic Competition

o OLi = Oligopoly

o MON = Monopoly

Include a brief explanation of each choice and indicate whether you were very sure of your choice or whether you thought the classification depends on how the market is defined.

Reference no: EM13185549

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