This activity is important because the fourth C in the $5$ Cs of pricing, competition, has a profound impact on pricing strategies. Marketers must focus on its effect, as well as on how competitors react to a certain pricing strategy. There are four levels of competition$-$monopoly, oligopolistic competition, monopolistic competition, and pure competition$-$and each has its own set of pricing challenges and opportunities. The goal of this activity is for you to demonstrate an understanding of the different levels of competition.

Read each statement and match it to the appropriate level of competition.

Monopolistic competition

$2$

Monopoly

$3$

Oligopoly

Pure competition

Match each of the options above to the items below.

Commonwealth Edison is the only electric delivery services company in Chicago, Illinois, USA.

Google, Yahoo, and Microsoft provide over $98$ percent of all Internet searches in the United States.

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In the United States there are many hotels offering

Newmont Mining Corporation the world's second$-$largest producer of gold. The compete among many different companies offering the same product.