Using the ‘Market Structure Review Sheet’, identify a business from which you buy a good or a service, and explain at least three characteristics that identify it as one of the four forms o
Using the "Market Structure Review Sheet", identify a business from which you buy a good or a service, and explain at least three characteristics that identify it as one of the four forms of market structure (Perfect Competition, Monopolistic Competition, Oligopoly or Monopoly) and relate this to your personal buying experience with the business (posts that do not tie the market structure to your own buying experience will lose half credit).
Instructions: This will help you differentiate between the various types of competition (answers to questions are at the bottom of the page)
Answers: 1) MR 2) zero 3) .5 4) $6 5) $10 6) lower 7) enter 8) c 9) lower 10) higher
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