Give real life example of a firm for each the 4 types of market structures - perfectly competitive, monopolistically competitive, oligopoly, and monopolistic competition.

How does each type of competition differ based on the number of BUYERS in: 1) pure and perfect competition 2) monopolistic competition 3) oligopoly 4) monopoly

Which situation is the best example of monopolistic competition? A. One company controls every steel mill in a country. B. Two gas stations operate on the same busy intersection. C. Two companies own every high-speed Internet provider in a country D. Several computer companies sell laptops with unique features.

Using a graph, discuss the extent to which monopolistic competition canlead to misallocation of resources compared to perfect competition.

Question 3.3  The fast-food restaurants would be an example of which market model?                 Monopolistic competition        Pure competition        Pure monopoly        Oligopoly

In which type of competition (pure, monopolistic, oligopoly or monopoly) would each of the following businesses be likely to engage? Why? Explain your answers. Turkish airlines   Small CrossFit gym  A large farm whose major crop is wheat  Apple Corporation    Your local Starbucks

explain this topic Perfect Completion, Monopolistic Competition, Oligopoly, Monopoly.

explain what is the difference between firms in monopolistic competition and firms in oligopoly. What does this difference mean for prices and quantities and for economic profit?

Firms in a perfectly competitive market are able to produce as many products as they want. How do they determine how many to make? Monopolies can charge as much as they want for a good but what is the tradeoff for the high price they receive? Oligopolies produce at a quantity and price that is different than Perfect Competition and Monopolies, why does this happen? Use graphs to demonstrate your answers to the first two markets and use a duopoly table example for an Oligopoly. **Please don't be too broad** Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure

Discuss the market structure of the industry General Motors and Ford.  Is it monopolistically competitive or an oligopoly? Are the main products/services more commoditized, highly differentiated, or blockbuster? How does the market structure affect the ability of the firm to control the prices it charges for its products and for the prices it pays for its inputs? The more a firm can control its prices, the more it can control the income statement and EPS.