List three industries under each of the Market structures an

List three industries under each of the Market structures and ONLY ONE UNDER OLIGOPOLY: a. PURE COMPETITION b. MONOPOLISTIC COMPETITION c. OLIGOPOLY COMPETITION d. MONOPOLY COMPETITION

Solution

a) Pure Competiton: Agriculture and Food industry, Generic medicine industry and Local Grocery stores.

b) Monopolistic competition: Telecom industry, Market for beauty products, Fast Food industry.

c) Oligopoly competition: Airline industry, Automobile industry, Soft Drinks industry.

d) Monopoly industry: Railways, American Tobacco company, and US Steel are few examples of US industry.