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Examples of market structures

Markets: Perfect competition, monopoly, monopolistic competition, oligopoly.

1- Give a specific example for each ( US Companies ).
2- Which one is better market from the stand point of producers?
3- Which one is better market on the stand point of consumers?

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Solution Preview

1.
Perfect competition: A corn farm
Monopoly: ...

Solution Summary

This solution gives an example of a firm in each type of market: perfect competition, monopoly, monopolistic competition, and oligopoly. It also explains which type of market is better for producers and which is better for consumers.

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