Econ: Graphic Equation



Read your handout and learn about your assigned industry and decide which market structure it exemplifies. Your graphic equation must visually explain how an industry illustrates the four main characteristics of market structures: number of producers, similarity of products, ease of entry, and control over prices. Based on these characteristics, we should be able to identify your industry’s market structure: perfect competition, monopolistic competition, oligopoly, or monopoly.

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