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Match the type of market structure with each example,

Pure competition
?
Online auctioning
Monopoly
?
Water and sewer service
Oligopoly
?
Video rental stores
Monopolistic
competition
?
Digital camera makers

2 Answers

3 votes

Answer: Pure Competition - Online Auctioning

Monopolistic - Gas Stations

Oligopoly - Airline

Monopoly - Cable Company

Step-by-step explanation:

User Pioneer
by
7.3k points
5 votes

Answer:

A. Pure competition = Online auctioning

B. Monopoly = Video rental stores

C. Monopolistic competition = Water and sewer service

D. Oligopoly = Digital camera makers

Step-by-step explanation:

Perfect competition or pure competition is a state of the market in which there is a relatively large number of buyers and sellers who sell the same or similar goods with complete knowledge of products and services. In fact, this sector provides free entry and exit

Monopolistic competition is a state of the industry that deals with several businesses that are closely connected to each other but offer distinct goods. In fact, this sector provides free entry and exit

There will be only one seller in the monopoly market that controls the entire market. The seller demanded the high price and there's no rivalry because of this. This business is not free to enter and exit

There are few sellers in the oligopoly industry who trade in a single market. This business is not free to enter and exit

Based on this, the classification is as follows

A. Pure competition = Online auctioning

B. Monopoly = Video rental stores

C. Monopolistic competition = Water and sewer service

D. Oligopoly = Digital camera makers

User Thiago Burgos
by
6.5k points