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Briefly state the basic characteristic of pure competition, monopoly, monopolistic competition, and oligolopy.Under which of these market classification does each of the following most accurately
- Briefly state the basic characteristic of pure competition, monopoly, monopolistic competition, and oligolopy.Under which of these market classification does each of the following most accurately fit?
- a Kansas wheat farm
- the steel industry
- Jolly Green Giant Peas
- the automotive industry
- Give an example of a negative externality and a positive externality that is not listed in your book.
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