Reference no: EM131242319
The four kinds of free-market competition are perfect competition, monopolistic competition, oligopoly, and monopoly. The following list contains various examples of industries, products, and services. For each, decide on its degree of competition by indicating one of these: perfect competition (PC), monopolistic competition (MC), oligopoly (O), or monopoly (M). Discuss your decisions in pairs or in groups.
1. Wireless service provider
2. Printed newspaper
3. Streamed online or tv movies
4. Commercial banks
5. Makers of laundry detergent (Procter & Gamble and Unilever have most of the market share)
6. Tomatoes and corn
7. Airliner market (Boenig and Airbus)
8. Online schools
9. Viagra (Patent expiration is 2019)
10. Energy drinks
11. Pet apparel
12. Toothpaste
13. Grapes and apples
14. Beer industry (Anheuser-Busch and MillerCoors control about 80%)
15. Television industry
16. Automobile industry
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