Answered

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Match each market structure with the correct example.

1. Agriculture
- [Choose: natural monopoly, perfect competition, oligopoly, monopoly, monopolistic competition]

2. Zumiez
- [Choose: natural monopoly, perfect competition, oligopoly, monopoly, monopolistic competition]

3. Pepsico
- [Choose: natural monopoly, perfect competition, oligopoly, monopoly, monopolistic competition]

4. Microsoft
- [Choose: natural monopoly, perfect competition, oligopoly, monopoly, monopolistic competition]

5. Electric company
- [Choose: natural monopoly, perfect competition, oligopoly, monopoly, monopolistic competition]

Sagot :

GinnyAnswer

Final answer:

Pepsico is an example of monopolistic competition, Microsoft belongs to an oligopoly, and an electric company is a natural monopoly.


Explanation:

Monopolistic competition: Pepsico is an example of this market structure where many firms offer differentiated products.

Oligopoly: Microsoft belongs to this market structure characterized by a few large firms dominating the market.

Natural monopoly: An electric company falls under this market structure where average total cost decreases with increased production.


Learn more about Market Structures here:

https://brainly.com/question/30280211


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