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Market Structure Number of Firms Type of Product Sold Price Taker?…

Market StructureNumber of FirmsType of Product SoldPrice Taker?Price FormulaFreedom of Entry?Short-run Profit?Long-run Profit?Industry Examples
Perfect CompetitionChoose 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 CompetitionChoose 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.]
MonopoliesChoose 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.]
OligopoliesChoose 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.]

Table 4.1

 

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