Represent the four degrees of competition

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Reference no: EM132163224

Research four industries—past or present—that represent the four degrees of competition (pure competition, monopolistic competition, oligopoly, and monopoly).

For each example, describe the industry, explain how it came to embody that type of competition, and describe how difficult it would be for an entrepreneur to enter the industry. Finally, provide your opinion regarding whether certain industries are better suited to certain degrees of competition, or if all industries should strive toward one single type of competition in particular.

Reference no: EM132163224

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