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Edulastic: Formative and Summ x nd Summ X Classwork for Marenda 3rd Block X + jMzMTgx/t/all 13 Bac tic E. C Campus Student 5 Confucius | Internet. Spotify - Login C Infinite Campus Name Period Matching the Business to the Market Structure Directions: Read the descriptions of the businesses provided. Analyze each description, identify the market structure that best characterizes the business, and explain your reasoning The four market structures are: pure competition monopolistic competition . oligopoly . monopoly 1) Healthy and Hearty Soups: Healthy and Hearty Soups produces a variety of soups. There is considerable competition in the soup market. However, Healthy and Hearty Soups has spent several million dollars on an advertising campaign to convince consumers that their soups are healthier than all other soups. Because of this advertising, Healthy and Hearty Soups charges a higher price than other soups on the market. Type of Market Structure: Reason: 2) Bill's Salmon Supplier: Bill's Salmon Supplier sells fresh salmon to local seafood restaurants. Every morning Bill sails out to sea to catch salmon, and each afternoon he returns to sell his catch to local restaurants. There are hundreds of other fishers catching and selling salmon. Because the salmon Bill catches is just like the salmon caught by the other fishers, he can't raise his price. Type of Market Structure Reason