Consider the four-market spectrum. (The question is short answer. Just put in the market type to answer. (10 points)

a. Identify the market that has sellers with generally the most inelastic demand AND the market with generally the most elastic demand. (2 point).

b. Identify the market that tends to be best for the producer AND the markets that tends to be the best for the consumer (2 point).

c. Which market is productive and allocative efficient? (1 point).

d.Which market has/have perfect substitutes? (1 point).

e. What market has/have the characteristic of mutual interdependence? (1 point).

f.What market is the easiest to enter? (1 point).

g.Generally, which market is the hardest to enter? (1 point)

h.Which market must you consider game theory? (1 point)