Question

Identify the following firms in the one of the four industries studied (monopoly, perfect competition, monopolistic competition or oligopoly). Explain why you classify each into the category. wheat farmer

Starbuck's Coffee

Coors

U.S. Post Office

a dentist's office

Ford Ontario Honda (the dealership)

Answer 1

Wheat agriculturist goes under the class of Perfect Competition. This is on the grounds that he is a value taker and offers the amount at the decided cost in the market.

Starbucks Coffee is under Monopolistic Competition write showcase structure. There are numerous organizations offering separated items in the espresso advertise.

Coors is under Oligopoly compose advertise structure as two firms control 80 for every penny of brew showcase.

U.S Post office is a legislature secured imposing business model.

Dental practitioner office is a piece of monopolistically aggressive market structure as there are numerous dental specialists in the market offering their administrations.

Since both the autos controls greater part of the piece of the overall industry, along these lines, it is oligopoly compose showcase structure.