Answer the Following: A. Discuss Each of the Following Economic Market Structures(i.e., Number

question 3

Essay

Answer the following:
a. Discuss each of the following economic market structures(i.e., number of firms in inchistry, barriers to entry, uniqueness of product):
1. Perfectly competitive market
2. Monopolistic competition
3. Oligopoly
4. Monopoly
b. Match the following industries with the appropriate economic market:
Restaurants
United StatesPost Office
Cereal
Wheat farmer
Automotive

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Definitions:

Organizational Memory

Is the collective, institutional record of past events.

Institutional Record

Documentation or records related to the structure, policies, and operational procedures of an organization or institution.

Past Events

Historical occurrences or activities that have taken place before the present time.

Multicultural Organization

An organization that incorporates and respects diversity in cultures, beliefs, and practices among its members.