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    Examples of market structures

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    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

    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.