A.Indicate if the following characteristics exist in oligopolistic market by writing a YES in the blank for those that does and NO for those that do not.

_____1. Product differentiation.

_____2. Brand loyalty.

_____3. Uniform pricing of commodities.

_____4. Sellers enjoy a certain degree of market control.

_____5. Perfect knowledge of market conditions.

_____6. Interdependent action of sellers.

_____7. Free entry into and exit from the markets.

_____8. Consumers enjoy a variety of goods.

_____9. Producers tend to operate at full capacity.

_____10. The seller's marginal revenue is identical to price.

B.Give the points of differentiation between a pure competition and monopoly and monopolistic competition (own sentences)

1.

2.

3.