Briefly state basic characteristics of pure competition, Ask an Expert

Economics

Q. Briefly state basic characteristics of pure competition, pure monopoly, monopolistic competition and oligopoly. Under which of se market classifications does each of following most accurately fit?

(a) a supermarket in your hometown;

(b) steel industry;

(d) commercial bank in which you or your family has an account;

(e) automobile industry. In each case justify your classification.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9293170

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