The four kinds of free-market competition are perfect, Ask an Expert

Economics

The four kinds of free-market competition are perfect competition, monopolistic competition, oligopoly, and monopoly. The following list contains various examples of industries, products, and services. For each, decide on its degree of competition by indicating one of these: perfect competition (PC), monopolistic competition (MC), oligopoly (O), or monopoly (M). Discuss your decisions in pairs or in groups.

1. Wireless service provider

2. Printed newspaper

3. Streamed online or tv movies

4. Commercial banks

5. Makers of laundry detergent (Procter & Gamble and Unilever have most of the market share)

6. Tomatoes and corn

7. Airliner market (Boenig and Airbus)

8. Online schools

9. Viagra (Patent expiration is 2019)

10. Energy drinks

11. Pet apparel

12. Toothpaste

13. Grapes and apples

14. Beer industry (Anheuser-Busch and MillerCoors control about 80%)

15. Television industry

16. Automobile industry

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91998182

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