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- Between Monopolistic competition andOligopoly, which do you think is better inan economy? Why?How do sellers in the monopolistic competition and monopoly competition compete?In which market structure would you find a large number of firms producing slightly differentiated products, each with some control over its prices? A. Perfect Competition B. Monopolistic Competition C. Oligopoly D. Monopoly
- Explain why have no competitors caught up with Apple? Do you think Apple can sustain its success with so few products? What would you ask Apple to design next and why?What is Perfect Competition and how does it work? What is Monopolistic Competition and how does it work?How do the results of a competitive industry compare with that of a monopolistic industry?
- How many real industries can you name that are oli-gopolies? How many operate under monopolistic com-petition? Perfect competition? Which of these is most difficult to find in reality? Why?How is building a brand in a business-to-business context different from doing so in the consumer market?Which of the following market types has only a few competing firms? a. perfect competition b. oligopoly c. monopoly d. monopolistic competition
- In which market structure would you place each of the following products: monopoly, monopolistic competition, or perfect competition? d. Restaurants in a large city e. Tomato f. Air travel from any one airport.What are the typical orientation of the markets and audiences for new online media producers?What is the economic term for a market structure characterized by a single seller who produces goods or services for which there are no close substitutes, and high barriers to entry prevent other firms from entering the market to compete? A. Oligopoly B. Monopoly C. Perfect Competition D. Monopolistic Competition