411 Campus . 18.AU ×\' Chapter 2-geractive StudyQChapter 2 Flashcards | Quitlet

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411 Campus . 18.AU ×' Chapter 2-geractive StudyQChapter 2 Flashcards | Quitlet x tractive St Interactive Study ) A free market is one where decisions regarding what and how much to produce are made by the market itselt This market is made up of buyers and sellers negotiating prices for goods and services. It is generally accepted that there are four degrees of compettion benefit of the free market is that it allows open competition among companies. Businesses must provide customers with high quality products at fair prices with good service. If they don't, they lose customers to businesses that do. Read the statements. Click and drag each item into the correct spot within the chart Automotive Industry Beet indusay Compettion Soda Industry Cable Television Ind Atnletic Shoe Industry ACME Light and Power irine Industry 1 of 6 Score answer> Prey 6 2 3 4

Explanation / Answer

PERFECT COMPETITION

Beef Industry, Agricultural Commodities

MONOPOLISTIC COMPETITION

Soda Industry, Athletic shoe industry

OLIGOPOLY

Automotive Industry, Airline Industry

MONOPOLY

ACME Light and Power, Cable tv industry

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