Answer Happy

Number of Firms Scenario Type of Product Market Model There are hundreds of colleges and universities that serve millions of college students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs. There are hundreds of high school students in need of algebra tutoring services, Dorens of companies offer tutoring services; parents view the quality of the tutoring at the different companies to be largely the same Only three lines fly from San Francisco to Medford, Oregon. No new airline will enter this market, because there are not enough customers to share among four or more airlines without each one experiencing substantially higher average costs Consumers view all airlines os providing basically the same service and will shop around for the lowest price A publishing company owns the U.S. cosyright to a popular series of book. It is the only company with the legal right to publish these books in the United States