1) How would you describe products and services that are normal goods, Justify your answer with appropriate examples

and chart/graph

2) why is it useful for managers to understand the categorization of market structure their firm

belongs to?

3)what are market structure (E.g is this company a monopoly,

a monopolist competitive firm, an oligopoly, or a pure competitive market player? Explain fully the

choice selected and why this company can be easily fitted into the market structure.