One of my students, Melissa, came by yesterday with a question about market structures. She was...

 

Transcribed Image Text:

One of my students, Melissa, came by yesterday with a question about market structures. She was wearing jeans and a t-shirt, eating a fresh zucchini sandwich and a banana, and drinking a can of soda. In her backpack was a laptop computer, her monthly electric bill payment, and keys to her XL GT 9000 Sports Coupe automobile. It occurred to me that she possessed goods reflecting several different market structures. Directions: Choose 4 items (one for each market structure) of Melissa's and determine which market structure they belong in. Support your answer using the characteristics of the market structure you chose for each. You may write a free response answer to show additional understanding. (24pts) Perfect Competition Market Structure Product (1 point each) Number of Producers Similarity of Products Barriers to Entry Control Over Price (1 point each) Characteristics of Market 1.) 2.) 3.) Name of Product 4.) Structure Characteristics of Market Structure 1.) (2.) 3.) Monopolistic Competition Name of Product 4.) 1.) Characteristics of Market Structure 2.) 3.) Oligopoly 4.) Name of Product Characteristics of Mark Structure 1.) 2.) 3.) Monopoly Name of Product 4.) One of my students, Melissa, came by yesterday with a question about market structures. She was wearing jeans and a t-shirt, eating a fresh zucchini sandwich and a banana, and drinking a can of soda. In her backpack was a laptop computer, her monthly electric bill payment, and keys to her XL GT 9000 Sports Coupe automobile. It occurred to me that she possessed goods reflecting several different market structures. Directions: Choose 4 items (one for each market structure) of Melissa's and determine which market structure they belong in. Support your answer using the characteristics of the market structure you chose for each. You may write a free response answer to show additional understanding. (24pts) Perfect Competition Market Structure Product (1 point each) Number of Producers Similarity of Products Barriers to Entry Control Over Price (1 point each) Characteristics of Market 1.) 2.) 3.) Name of Product 4.) Structure Characteristics of Market Structure 1.) (2.) 3.) Monopolistic Competition Name of Product 4.) 1.) Characteristics of Market Structure 2.) 3.) Oligopoly 4.) Name of Product Characteristics of Mark Structure 1.) 2.) 3.) Monopoly Name of Product 4.)

Answer rating: 100% (QA)

Lets analyze Melissas possessions and determine which market structures they belong to based on their characteristics 1 Perfect Competition Banana Pro... View the full answer