<u>Answer:</u>
Pure Competition: A very huge number of firms; uniform products; no rent controls: price takers; no entry barriers; no un-price competition.
Oligopoly: Few companies; uniform or distinguished goods; price controls constricted by mutual interdependence: a great deal of anti-price competition, especially product difference.
i. Supermarkets in hometown -<em> </em><em>Oligopoly</em> - Supermarkets in every area are few in the total amount.
ii. Steel industry - <em>Oligopoly</em> - Companies are few; their goods are somewhat standardized.
iii. Kansas wheat farm - <em>Pure Competition</em> - there is no price control; there is no non-price competition.
iv. Commercial bank - <em>Oligopoly</em> - the facilities are as distinct as the bank can help them look.
v. Automobile industry - <em>Oligopoly</em> - Imports made the industry more competitive in the past 2 years, dramatically increasing American automakers' market power.