Answer the Following: A.Discuss Each of the Following Economic Market Structures (I.e.,number of Structures

question 74

Essay

Answer the following:
a.Discuss each of the following economic market structures (i.e.,number of firms in industry,barriers to entry,uniqueness of product):
i.Perfectly competitive market
ii.Monopolistic competition
iii.Oligopoly
iv.Monopoly
b.Match the following industries with the appropriate economic market:
Local cable television company
Restaurants
Canada Post
Cereal
Wheat farmer
Automotive

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Definitions:

Rectus Abdominis

A major muscle in the front of the abdomen that assists in breathing, movement, and posture.

Sternomastoid

Refers to the sternocleidomastoid muscle, which runs from the sternum and clavicle to the mastoid process of the skull, turning the head.

Sternohyoid

A muscle in the neck that depresses the hyoid bone and larynx during swallowing and speaking.

Teres Major

A muscle of the upper arm that assists in rotating and adducting the arm, located near the shoulder.