Question: 1 ints eBook Print References a. Identify the basic characteristics of each of the following market models: Instructions: You may select more than one

of the following market models: Instructions: You may select more than one

1 ints eBook Print References a. Identify the basic characteristics of each of the following market models: Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. 1. Pure competition: Very large number of firms One firm No control over price Many obstacles to entry nonprice competition ii. Pure monopoly: One firm Few firms Unique product Easy entry Much control over price ill. Monopolistic competition Help 1 1 points eBook Print References Much control over price ili. Monopolistic competition: Differentiated products Many firms Unique product Difficult entry Some price control iv. Oligopoly: Few firms Ononprice competition Many obstacles to entry No control over price One firm Saved

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