Briefly state the basic characteristics of pure competition,pure monopoly, monoploistic compeititon, and oligopoly. Under whichof these market classifications does each of the following mostaccurately fit?
a: a supermarket in your hometown
b: the steel industry
c: a kansas wheat farm
d: the commercial bank in which you or your family has anacct.
e: automobile industry
In each case, briefly justify answer
Briefly state the basic characteristics of pure competition, pure monopoly, monoploistic compeititon, and oligopoly. Und
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