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Market Models - eco202 Prof Jui-Chi Huang Market Model...

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eco202 Prof. Jui-Chi Huang eco202ch10Spr04_mkts.doc Market Model Characteristic Pure (Perfect) Competition Monopolistic Competition Oligopoly Pure Monopoly Examples [ Mainly agricultural products ] corn, sugar, wheat, strawberry, cucumbers, fish products, basic metals, stock shares, foreign exchange, … [Retail trade] clothing, shoes, furniture, books, food and beverages in McDonald's Subway, or Taco Bells, … [Manufacturing, mining, or wholesaling industries] Steel, automobiles, farm implements, aircrafts, many household appliances, beer, … De Beers' diamonds, local electric utility, local
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