Briefly state the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly. under which of these market classifications does each of the following most accurately fit? (a) a supermarket in your hometown (b) the steel industry (c) a kansas wheat farm (d) the commercial bank in which you and your family has an account (e) the automobile industry. in each case justify your answer.
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Briefly state the basic characteristics of pure competition, pure monopoly, monopolistic competition...
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