Into which of the four market structures would you place each of the following? Why would you

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Into which of the four market structures would you place each of the following? Why would you make the classification?

a. A small organic farm growing herbs, arugula, and tomatoes on 5 acres

b. A large grain farm producing wheat on 2,500 acres

c. A major airline

d. A community college

e. The water company for a region

f. A small retail shoe store in a large mall g. A big box discount shoe store in a large city h. A college food service i. The only long-term parking facility in an airport j. Passenger travel on Amtrak k. The best bakery in town l. The local small town newspaper m. A coffee shop that sells a well-known global brand

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Economics Theory And Practice

ISBN: 9781118949733

11th Edition

Authors: Patrick J. Welch, Gerry F. Welch

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