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Georgia Performance Standard SSEMI4 c. (Social Studies Economics Micro #4) The student will explain the organization and role of business and analyze the four types of market structures in the U.S. economy. . Identify the basic characteristics of monopoly, oligopoly, monopolistic competition, and pure competition. 1, Label the spectrum (from the degree of competition among firms; most competition to less competition) (monopoly, oligopoly, monopolistic competition, and pure competition.) 2. Include the characteristics for each market structure on your spectrum: A. Number of firms B. Price Maker or Price Taker (p. 171) C. Product Differentiation/ Substitutes D. Advertising E. Barriers to Entry 3. Label the one market structure that is most susceptible to collusion. 4. Label the one market structure that is most likely to abuse power