Determine two different real-life examples for each of the following market structures. List the determinants (type of product, number of buyers and sellers in the market, degree of price control, barriers to entry, and degree of non-price competition) to prove your choices.

1. Perfect Competition
2. Monopolistic Competition
3. Oligopoly
4. Monopoly

Answer rating: 100% (QA)

Sure Here are two different reallife examples for each of the market structures you mentioned along with their determinants 1 Perfect Competition Agricultural Markets In many regions agricultural mark... View the full answer