Match each market structure to the appropriate producer example.
Solution
1. Oligopoly : Car manufacturers
2. Monopolistic competition : Clothing stores
3. Monopoly : A single gas station in a small remote town.
4. Perfect competition : Agriculture
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Web & Social Media Analytics Previous Year Question Paper.pdf
Match each market structure to the appropriate producer example- 1-.docx
1. Match each market structure to the appropriate producer example.
1. Oligopoly A single gas station in a small remote town 1 2 3 4
2. Monopolistic competition Car manufacturers 1 2 3 4
3. Monopoly Clothing stores 1 2 3 4
4. Perfect competition
Agriculture 1 2 3 4
Solution
1. Oligopoly : Car manufacturers
2. Monopolistic competition : Clothing stores
3. Monopoly : A single gas station in a small remote town.
4. Perfect competition : Agriculture