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Provide 5 examples each of firms and the respective goods they produce in - Perfect competition -Oligopoly - Monopoly - Monopolistic competition - Effective competition

Sagot :

jayilych4real

The examples of firms and the goods they produce in the following market systems are:

Perfect competition- Foreign exchange markets.

Currency

Oligopoly - Auto Industry.

Cars.

Monopoly - Providers of water.

Water

Monopolistic competition - Restaurants

Food

Effective competition- Supermarkets

Wide range of products

What is Monopoly?

This refers to the situation where one business has total control of a market share and has no competition in the market.

Read more about monopoly here:

https://brainly.com/question/13113415

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