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Match each of these to the type of market it relates to. Markets are used in different amounts and may apply to more than one
Match each of these to the type of market it relates to. Markets are used in different amounts and may apply to more than one statement. D. Individual producers have No control over price- they are price takers - Products are differentiated, but highly substitutable B. Many barriers to entry, but they can be overcome. A. The product is unique-no close substitutes D. In this market, your product is indistinguishable from that of your competitor B. Cartels, although illegal, can appear in this type of market B. This market is dominated by a few large sellers C. This market is dominated with many firms, and has few barriers to entry, but each has some control over price
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