Question:
In the following list is a number of well-known companies and the product that they sell. Which of the four types of markets (perfect competition, monopoly, monopolistic competition, oligopoly) best characterizes the markets in which they compete? Explain why.
Hint: You may wish to distinguish between national and local/regional markets for some firms.
a. McDonald's - hamburgers
b. Exxon-Mobil - gasoline
c. Dell - personal computers
d. Heinz - ketchup
e. Proctor & Gamble - disposable diapers
f. Starbucks - gourmet coffee
g. Domino's - pizza
h. Intel - computer chips for PC's