Competition Pdf 122545 | Ch 23 Study Questions

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File: Competition Pdf 122545 | Ch 23 Study Questions

Chapter 23- Pure Competition ANSWERS TO END-OF-CHAPTER QUESTIONS 23-1 Briefly indicate the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly. Under which of these market classifications does ...

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...Chapter pure competition answers to end of questions briefly indicate the basic characteristics monopoly monopolistic and oligopoly under which these market classifications does each following most accurately fit a supermarket in your home town b steel industry c kansas wheat farm d commercial bank you or family has an account e automobile case justify classification very large number firms standardized products no control over price takers obstacles entry nonprice one firm unique product with close substitutes much maker is blocked mostly public relations advertising many differentiated some narrow range relatively easy trademarks brand names few circumscribed by mutual interdependence collusion particularly differentiation hometown supermarkets are any area their size makes new difficult there however as they compete for share seems be this regard acts more like competitor note that answer may vary areas could characterized while isolated small towns have situation within domestic pr...

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Posted on: 09 Oct 2022 | 2 years ago
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