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Basic characteristic of pure competition

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Reference no: EM132228604

Briefly state the basic characteristic of pure competition, monopoly, monopolistic competition, and oligolopy. Under which of these market classification does each of the following most accurately fit? (6 + 4 = 10)

a) a Kansas wheat farm

b) the steel industry

c) Jolly Green Giant Peas

d) the automotive industry

Reference no: EM132228604

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