ECO 365 WEEK 3 Market Models Worksheet
ECO 365 WEEK 3 Market Models Worksheet
Complete the Market Models Worksheet.
Click the Assignment Files tab to submit your assignment.
Complete the table:
Perfect Monopolistic
Competition Competition Oligopoly Monopoly
| Numberof Firms(one, few
or many) |
|||
| Type ofProduct(identical,
differentiated, or unique) |
could beeither
identical or differentiated |
||
| SignificantBarriers To Entry?(yes or no) | |||
| IndustryExample(cars, fast food,
Patented Rx drugs, fruit) |
|||
| Positiveeconomicprofit in
long-run equilibrium? (yes or no) |
ECO 365 WEEK 3 Market Models Worksheet
