What influence do consumers have on market structures

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Market Structure

Instructions

In this unit, you discovered the four market structures that make up an economic market, monopoly, oligopoly, monopolistic competition, and pure competition. These market structures are important because they can affect outcomes within an economic market through their impact on decisions, motivations, and opportunities of stakeholders operating within the market. Considering the different market structures respond to the following:

Question 1: In your opinion which markets are best for consumers?

Question 2: Which market structures are best for producers? Why?

Question 3: Identify one specific market structure and discuss what types of goods are traded within it.

Question 4: What influence do consumers have on market structures? What influence do producers have? Why? If necessary, complete additional research to support your ideas on this topic.

Reference no: EM132448535

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