Reference no: EM133076786

Part II. Identification: Market Structures Directions. Read the questions carefully. Identify the type for each item.

1) If Company XYZ competes with many firms in the industry but with homogeneous product on their stores, what market structure does it enter?

2) If Company XYZ competes with few large firms in the industry but with differentiated products on their stores, what market structure does it enter?

3) If there are several barriers on the entry and exit of firms in the industry due to huge amount of capital needed, what market structure are they in?

4) If Company ABC is the only provider of water supply in the locality, what market structure does it join?

5) ABM Supermarket has joined many and small marketers in the industry with several competitors selling the same products. What market structure did it join?