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Market Structures [Complete the table by selecting the appropriate response from the drop-down select menu within each cell, except for the final column in which
Market Structures
[Complete the table by selecting the appropriate response from the drop-down select menu within each cell, except for the final column in which you will enter your text-based response.]
| Market Structure | Number of Firms | Type of Product Sold | Price Taker? | Price Formula | Freedom of Entry? | Short-run Profit? | Long-run Profit? | Industry Examples |
|---|---|---|---|---|---|---|---|---|
| Perfect Competition | Choose an item. | Choose an item. | Choose an item. | Choose an item. | Choose an item. | Choose an item. | Choose an item. | [Insert two to three example industries that meet the criteria of the market structure.] |
| Monopolistic Competition | Choose an item. | Choose an item. | Choose an item. | Choose an item. | Choose an item. | Choose an item. | Choose an item. | [Insert two to three example industries that meet the criteria of the market structure.] |
| Monopolies | Choose an item. | Choose an item. | Choose an item. | Choose an item. | Choose an item. | Choose an item. | Choose an item. | [Insert two to three example industries that meet the criteria of the market structure.] |
| Oligopolies | Choose an item. | Choose an item. | Choose an item. | Choose an item. | Choose an item. | Choose an item. | Choose an item. | [Insert two to three example industries that meet the criteria of the market structure.] |
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Macroeconomics
Authors: Michael Parkin
10th Edition
013485330X, 978-0134853307
