what market structure are each of the below Mark as follows
what market structure are each of the below. Mark as follows:
PC for perfect competition
MC for monopolistic completition
O for oligopoly
M for monoploy
cosmetics
quick lube service stations
gasoline station
wheat
oil industry
clothing shops
colas
films
wholesale flower market
pharmacies
stock market
Solution
a) Cosmetics are monopolistic competition.
b) quick lube service station is a monopolistic competition.
c) Gasoline station is a perfect competition.
d) Wheat is a perfect competition.
e) Clothing shop is a monopolistic competition.
f) Colas is a monopolistic competition.
g) The film is an example of oligopoly competition.
h) wholesale flower market is an example of the perfect market condition.
g) Pharmacy is an example of oligopoly competition.
h) The stock market is an example of perfect market condition.
