Business, 16.04.2021 17:40 cadenhuggins2

Determine whether certain products are likely sold in a monopoly, perfectly competitive or monopolistically competitive markets. a. There are a small number of producers of deodorant. Each firm's products are slightly different. For example, some are lavender scented, while others are citrus scented. Would you expect that the market for deodorant is a monopoly, perfectly competitive or monopolistically competitive? Why?
b. There are many producers of soybeans, and each farmer's soybeans are indistinguishable from his or her neighbor's soybeans. Would you expect that the market for soybeans is a monopoly, perfectly competitive or monopolistically competitive? Why?
c. There are many producers of roasted coffee beans, and each roaster has its own special roasting technique. Coffee beans purchased from one roaster are noticeably different from beans purchased from another roaster. Would you expect that the market for roasted coffee beans is a monopoly, perfectly competitive or monopolistically competitive? Why?
d. There is a sole firm providing power in Tampa Florida. The firms price is regulated by the government. Would you expect that the firm providing power in Tampa is a monopoly, perfectly competitive or monopolistically competitive? Why?

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