Question: Market Structures [Complete the table by selecting the appropriate response from the drop-down select menu within each cell, except for the final column in which

Market Structures

[Complete the table by selecting the appropriate response from the drop-down select menu within each cell, except for the final column in which you will enter your text-based response.]

Market Structure Number of Firms Type of Product Sold Price Taker? Price Formula Freedom of Entry? Short-run Profit? Long-run Profit? Industry Examples
Perfect Competition Choose an item. Choose an item. Choose an item. Choose an item. Choose an item. Choose an item. Choose an item. [Insert two to three example industries that meet the criteria of the market structure.]
Monopolistic Competition Choose an item. Choose an item. Choose an item. Choose an item. Choose an item. Choose an item. Choose an item. [Insert two to three example industries that meet the criteria of the market structure.]
Monopolies Choose an item. Choose an item. Choose an item. Choose an item. Choose an item. Choose an item. Choose an item. [Insert two to three example industries that meet the criteria of the market structure.]
Oligopolies Choose an item. Choose an item. Choose an item. Choose an item. Choose an item. Choose an item. Choose an item. [Insert two to three example industries that meet the criteria of the market structure.]

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