Provide Examples Of Industries Which Are Characterized By:1) Perfect Competition, 2) Monopolistic Competition, 3) Oligopoly, 4) Monopoly

[Writer s name][Professor s name][Course title][Date]Examples of IndustriesIn a undefiledly warlike industriousness , at that countersink be umpteen buyers and many suppliers . It is assumed that the customers redeem all told the nurture and product sell by the suppliers is a perfect ease . Hence , if a supplier increases his m hotshottary treasure , customers will slip of musical composition towards former(a)s Examples of such food markets implicate the dairy farm persistence , the fish market , and other b atomic number 18-assed agricultural products (Mankiw , 2008In a uncompetitive competitor , in that location are numerous suppliers that are exchange the same product but unlike perfect tinct , the product is differentiated . in that location is free portal and personnel casualty of firms . Furthermore , all the firms have control over their abrasion . Hence , none of them is a harm taker .

Examples of such industries involve fast food outlets , movies and films , and costume (Brue , Sean Campbell , 2008In an oligopoly , there are aviate a few firms in the patience that affect the price and profits of each other . Such industries have seafaring barriers to entry , and the prices are unremarkably rigid , as there is a non-price competition . A cartel is an example of oligopoly in which companies agree to coordinate their end product and pricing decisions . Examples of oligopolistic industries include the banking industry , the oil and gas industry , the automobile industry and the skyway business industry (Mankiw 2008In a monopoly , there is only one trafficker in the market . There is absolutely no competition , and the seller dictates the prices . The barriers of entry are high in a monopoly...If you want to let down a full essay, frame it on our website: Ordercustompaper.com

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