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What is the role of the government in the market structure?

the role of the government in the market structure is to control inflection


What type of market structure is subway?

Subway's market structure is a monopolistic competition. Subway competes in its industry in terms of similar price points for its products along with having similar products.


Which market structure is there no control over prices?

Perfect competition


Under which market structure is there no control over prices?

monopoly


What type of market structure is firms have a relatively small market share And firms produce and sell identical products?

This market structure is known as perfect competition. In perfect competition, there are many firms, each with a relatively small market share, and they produce and sell identical or homogeneous products. Because the products are indistinguishable, no single firm can influence the market price, leading to a situation where prices are determined by supply and demand. Additionally, there are no significant barriers to entry or exit in this market structure.


What is a market structure in which companies sell products that are similar but not identical called?

monopolistic competition


What is a market structure in which many companies sell products that are similar but not identical?

monopolistic competition


Under what market structure does the firm have the most control over prices?

Monopoly


What is the most competitive market structure?

The most competitive market structure is perfect competition. In this model, numerous small firms sell identical products, and no single firm can influence the market price. Characteristics include easy entry and exit from the market, perfect information for buyers and sellers, and homogeneous products. This structure leads to optimal allocation of resources and minimal economic profits in the long run.


A market structure in which there are many firms selling products that are similar but not identical is known as?

monopolistic competition


What is a market structure in which many companies sell products that are similar but not identical called?

monopolistic competition


What is a market structure with a large number of sellers who makes differentiated products is called?

Monopolistic competition