Read each statement below and determine which type of market

Last updated: 5/14/2023

Read each statement below and determine which type of market structure it is describing Write PC for Pure Competition MC for Monopolistic Competition O for Oligopoly or M for Monopoly 1 Coke and Pepsi heavily dominate the soda market and rarely advertise their prices J 2 In the US the market for beef is heavily regulated and all most all beef producers across the country produce beef practically identically 3 Sonic exists in a market where they must advertise their differences in addition to their prices 4 In Atlanta the market for Zoo s is dominated by the Atlanta Zoo 5 It Atlanta the market for tourist entertainment sees competition from a few large competitors including the Zoo World of Coke the Aquarium and Sports teams 6 In the market for novels there are thousands of writers in similar genres but each writer tries to make their books unique 7 The cookie market includes all bakeries companies and independent bakers all selling similar products with different flavors 8 In fishing towns or villages the market for fish pulls its supply from the same waters and there are typically many fishermen selling the exact same fish 9 Parrott Ga is a very small town that has only one gas station 10 UPS the Post Office and FEDEx are the three dominant companies in the shipping industry