Determine whether the markets, businesses, or products listed below belong in a competitive market, a monopoly, or a monopolistically competitive market.
(a) American Eagle
(b) Burger King
(c) Merck's cholesterol-fighting drug
(d) your local electric company
(e) the stock market
(f) a farmer who grows corn
Categories:
(1) Monopoly
(2) Monopolistic comp.
(3) Competitive market
Answers: 2
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Determine whether the markets, businesses, or products listed below belong in a competitive market,...
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