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Directions: Please write a 700-1,000 word paper in which you address the questions below. Also, please do your best to format your work accordingly and to cite any references you might use.

  • Choose four real-world companies, respectively one for each market structure type – Perfect Competition, Monopoly, Oligopoly, and Monopolistic Competition.
  • Explain why the companies fit in the respective categories.
  • Compare and contrast the four companies with regards to their market structure characteristics, including, but not limited to: barriers to entry, number of firms in the market, short-term and long-term profits, price elasticity of demand, etc.

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