Complete the assignment by differentiating among the four major market structures within the following Market Structure Matrix
Complete the matrix.
Perfect competition
Monopoly
Monopolistic competition
Oligopoly
Example organization
Goods or services produced by the organization
Barriers to entry
Number of organizations
Is there a presence of economic profits?
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Perfect competition
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Monopoly
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Monopolistic competition
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Oligopoly
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|
Example organization
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Goods or services produced by the organization
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|
|
|
|
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Barriers to entry
|
|
|
|
|
|
Number of organizations
|
|
|
|
|
|
Is there a presence of economic profits?
|
|
|
|
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