Market structures
For each of the following scenarios, identify the number of
firms present, the type of product, and the appropriate market
model. Select the matching entry for each drop down box in the
following table.
A large city has lots of small shops where people can buy
sweaters. Each store's sweaters reflect the style of that
particular store. Additionally, some stores use higher-quality
cotton than others, which is reflected in their price.
Many
Differentiated
Monopoly
Number of...