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Last week, the Wall Street Journal reported that there are currently more registered real estate agents than there are homes for sale in the U.S.

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Last week, the Wall Street Journal reported that there are currently more registered real estate agents than there are homes for sale in the U.S. This represents a sizable increase in the number of licensed real estate agents. What does this tell you about the market for real estate agents? Is it competitive, monopolistically competitive, monopolistic or oligopolistic? Explain your choice using the characteristics of the market structure which you have chosen ( # of sellers, barriers to entry, power over price, non price advertising, possibility for positive economic profit, product type -homogeneouso close substitutes) Edit View Insert Format Tools Table 12pty Paragraph B I U A QV TV| BV By DV D2

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