Question

place the industries into the proper category (monopolistic competition, monopoly, competition). items (6 items) (drag and drop into the appropriate area below) carrot farmersa company that sells bottled waterthe only doctor's office in a townfast-food restaurantsyour local electric companya clothing store in the mall categories monop. competition drag and drop here monopoly drag and drop here competition drag and drop here

Answer 1

The following industries are monopolistic competitions:

a company that sells bottled waterfast-food restaurants

The following industries are monopolies :

the only doctor's office in a town

your local electric companyfast-food restaurants

The following industries are competitions:

carrot farmers

What are monopolies and monopolistic competitions?

Monopolistic competition occurs when many firms in an industry sell similar goods that are not perfect substitutes for each other. The price of goods and services is set by monopolistic competition. For example, while all fast food restaurants sell food, the type of food and the quality of the food vary.

A monopoly occurs when only one firm operates in an industry. Firms typically face high entry barriers. The demand curve slopes downward. It determines the cost of its goods and services. A utility company is an example of a monopoly.

To learn more about monopolistic competition, please check: brainly.com/question/21052250

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Answer 2

splace the industries into the proper category (monopolistic competition, monopoly, competition). items (6 items) (drag and drop into the appropriate area below) carrot farmersa company that sells bottled waterthe only doctor's office in a townfast-food restaurantsyour local electric companya clothing store in the mall categories monop. competition drag and drop here monopoly drag and drop here competition drag and drop here