ECON2000
6.1 Market structures (Total value: 48 points)
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Instructions
For this exercise, you need to complete two tables related to the various market structures. Also, you will offer examples of products that you can identify with a particular market structure.
Please, access the template to work and submit the task in this link.
Part I: (2 points for each answer, for a total of 40 points)
1. After reviewing the content material, complete the following table regarding the definition and characteristics of the various market structures. You should explain each individual feature of the different types of market structure in one or two sentences.
2. Refer to the study material so that you can go further in explaining the characteristics of each market structure. If you need more, you can use an additional sheet.
Perfect competition
Monopoly
Monopolistic competition
Oligopoly
Characteristic
1.
2.
3.
4.
5.
Parte II: (4 points each market structure)
1. After completing the information requested in the table, select two (2) of the market structures and, for each one, identify two (2) products (not companies) that can be found in said structures.
2. The justification must be written, at a minimum, in one (1) paragraph of 5 to 6 sentences. Abound in the characteristics of the product to justify your classification.
Market Structure #1
Product #1
Product #2
Justify why this product is classified in this way:
Market Structure #2
Product #1
Product #2
Justify why this product is classified in this way:
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