Question
1.Identify and explain the market structure for each of the following. Make sure to point out characteristics you use to define the market structure. We
1.Identify and explain the market structure for each of the following. Make sure to point out characteristics you use to define the market structure. We will be looking for the characteristics you list to match the market structure. You are not required to research these markets to answer the question.
a)Tablet computers
b)Carrots
c)Soft drinks
d)Staplers
e)Propane gas tanks (for grills)
Given your answers above, in which market (choose from a-e above) would you like to own a firm? Assume your firm has been around for five years. Explain your answer using economic theory and logic.
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