Headahh4595 Headahh4595
  • 21-11-2019
  • Business
contestada

Market classification according to number and size of firms. identify and define this classifications

Respuesta :

jepessoa
jepessoa jepessoa
  • 22-11-2019

Answer:

There are 5 major market types:

  1. Perfect competition: a lot of sellers and buyers, homogeneous products are sold and everybody is a price taker.  
  2. Monopoly: only one producer that sells one particular type of product.
  3. Oligopoly: very similar to a monopoly, but instead of one single seller there are a few limited number of sellers.  
  4. Monopolistic competition: a lot of sellers that offer differentiated products.  
  5. Monopsony: several sellers but only one buyer.
Answer Link

Otras preguntas

Solve r = p/2 (b +k) solve for k Help pls
a small nail may Pierce an inflated car tyre and remain there without pressure reduction in the tyre ..explain the observation ​
can you help with this
I need help with 1-5
What is 10^-18m in scientific notation
describe the features of organic compounds
What is Mental Anxiety? Note: I just need a definition-like answer.
A pet store surveyed 625 people to see how many own a bird, how many own a dog, and how many own a cat. The Venn diagram below shows the results. (Each number g
I will give you branilest!! Define a context in which this data represents a continuous exponential model. Describe what the graph of the data looks like, in wo
At that moment the bird began to flutter, but the wings were uncoordinated, and amid much Use the passage to think about the story’s central symbol. What symbo