Classify each scenario according to whether it represents a competitive market or an imperfectmarket.

Competitive market Imperfect marketAnswer Bank La Grande Jatte is a lawn mowing service. Thanks to new lawn mowers, their employees are very efficient and consequently the company charges $2 less per mowed lawn. They are unable to keep up with all of the customers requesting their services. Water Lilies, one of many flower farming companies, decides to grow an extra acre of tulips. Persistence of Memory, one of a small handful of plastic providers, thinks it can change the market price by supplying more plastic from an influx of clocks it can melt. Le Moulin Rouge is one of many cancan shoe makers, and they choose to increase the price of their shoes by $10. They do not understand why they can no longer sell any of their shoes. Haystacks is a pharmaceutical giant. Haystacks chooses to decrease the supply of its allergy medicines after conferring illegally with the other big producer in the market, Guernica. Mondrian House, one of only two construction firms operating in the region, decides not to change the price of its consultations. Starry Night, one of three companies that sells stars to the public, needs months for its board of directors to decide whether to auction more stars or not