Market Structure Review

Gas stations and dry cleaners provide the same goods and services but they can differentiate. What structure is this?

• Monopolistic Competition

• Pure Competition

• Oligopoly

• Monopoly

Which structure allows businesses to have some, but not complete control over prices:

• Monopolistic Competition

• Pure Competition

• Oligopoly

• Monopoly

In which structure would you have a lot of non-price competition, but some control of price.

• Monopolistic Competition

• Pure Competition

• Oligopoly

• Monopoly

In which structure would you have a lot of different products that are similar?

• Monopolistic Competition

• Pure Competition

• Oligopoly

• Monopoly

Fast food restaurants provide different versions of the same product. What market structure is this?

• Monopolistic Competition

• Pure Competition

• Oligopoly

• Monopoly

In which structure would you see identitcal products?

• Monopolistic Competition

• Pure Competition

• Oligopoly

• Monopoly

In which structure would you see the most firms?

• Monopolistic Competition

• Pure Competition

• Oligopoly

• Monopoly

Which structure is the easiest to enter?

• Monopolistic Competition

• Pure Competition

• Oligopoly

• Monopoly

In which structure would you see the least amount of price competition?

• Monopolistic Competition

• Pure Competition

• Oligopoly

• Monopoly

In which structure would you see firms have no control over prices?

• Monopolistic Competition

• Pure Competition

• Oligopoly

• Monopoly