Match the type of market structure with each example a pure competition online auctioning b monopoly video rental stores c monopolistic competition water and sewer service d oligopoly?

Answer 1

Pure competition-Online auctioning

Monopoly-Water and sewer service

Monopolistic competition-Video rental stores

Oligopoly-Digital camera makers

Answer 2

Pure competition: Online auctioning; Near monopoly: Computer operating systems; Monopolistic competition: Fast food; Oligopoly: Automobiles

Answer 3

A pure competition market structure is the most common type of market structure, and it is best exemplified by online auctioning. In a pure competition market, there are many firms offering the same product or service, and each firm is a price taker. This means that the price of a good or service is determined by the market and there is no ability for a firm to charge a higher price. Consumers have a wide variety of options to choose from, and firms have no control over the price of their product or service.

A monopoly is a market structure where there is only one firm that produces or sells a particular product or service. This firm has complete control over price, allowing them to charge what they want and not be affected by competition. An example of a monopoly market structure is video rental stores. There are only a few of these stores, so they can charge whatever price they want and not be affected by competition.

Monopolistic competition is a market structure that is

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Answer 4

Pure competition - Online auctioning

Monopoly - Sewer service

Monopolistic competition - Video rental

Oligopoly - Digital cameras

Answer 5

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Answer 6

pure C - ebay

monopoly- cable

monopolistic C- gas

oligopoly- airlines