Market structures 6.1

Instructions For this exercise, you must complete two tables related to the various market structures. Also, you will offer examples of products that you can identify with a particular market structure. 

Part I:

1. Complete the following table related to the definition and characteristics of the various market structures. You must explain each individual characteristic of the different types of market structure in one or two sentences.

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

Part II:

1. After completing the information requested in the table, select two of the market structures and, for each one, identify two products (not companies) that can be found in those structures.

2. The justification must be written, at least, in one paragraph of five to six sentences. Abounds in the characteristics of the product to be able to justify your classification.

Market structure # 1

Product # 1

Product # 2

Justify why this product is classified in this way:

Market structure # 2

Product # 1

Product # 2

Justify why this product is classified in this way: