Question 2.2 In which two market models would advertising be used most often?                 Pure competition and monopolistic competition        Pure competition and pure monopoly        Monopolistic competition and oligopoly        Pure monopoly and oligopoly

Please answer fast please help 1.2.3

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?

There are four market structures: Perfect competition Monopolistic competition Oligopoly Monopoly Discuss the differences among these four market structures.

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.

For each of the following characteristics, say whether it describes a monopolistic competitive or oligopoly market, both or neither. There is a single model to explain the firm's behavior.   Firms in this market produce the socially efficient level of output. Firms make zero economic profit in the long run. Market is dominated by a few firms. Strategic behavior is very important.     EditViewInsertFormatToolsTable 12pt   Paragraph

Consider the following two industries the yogurt and automobile industry. Which industry would fit best into the category of monopolistic competition?  Make sure you relate the most relevant economic concepts and theory to justify arguments.

Explain in detail the similarities and differences between Perfect competition and Monopolistic competition. Using completely labelled diagrams compare the equilibrium of the firms (firm in perfect competition and firm in monopolistic competition) enjoying economic profit in the short run.

A study shows that the 4 largest firms in the auto industry in the US produce 70% or more of the cars in the US.  This means the auto industry is classified as:   A. Oligopoly   B. Perfectly competitive   C. Monopoly   D. Monopolistic Competitive