Fill the chart accordingly. Scenario Number of Firms Type of Product Entry Market Model
A large city has lots of small shops where people can buy
sweaters. Each store's sweaters reflect the style of that particular store. Additionally, some stores use higher-quality cotton than others, which is reflected in their price
There are dozens of pasta producers that sell pasta to hundreds of Italian restaurants nationwide. The restaurant owners buy from the cheapest pasta producer they can. While pasta manufacturers must pay licensing fees to their local government and undergo regular food-safety inspections, anyone who passes inspections can acquire and maintain their license
Only three airlines 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 as providing basically the same service, and they will shop around for the lowest price
The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm permitted to sell the drug