There are four different market structures into which all fi

There are four different market structures into which all firms and industries fit into. They are Pure or Perfect Competition, Pure Monopoly, Monopolistic Competition and Oligopoly. Name any firm (e.g. McDonalds, Jackson Electric, or Home Depot) or any industry at large (e.g. Fast Food, Electricity, or Home Improvement Industry). It would fit into one of these four market structures.

Solution

The electricity department fits into monopoly structure of the group.