The four classes of Market Structure, economics homework help

Choose a market for a product in which you work, or in which you are interested.

  1. Which of the 4 classes of “Market Structure” comes closest to describing the current state of the market.
  2. Do you think that 10 years from now that market structure will be the same, or do you think it will change to become more competitive or less competitive? Explain.

4 Market Structures: Pure Competition, Pure Monopoly, Monopolistic Competition, and Oligopoly,

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