Fill in the table and use your answers to the questions to figure out which market type each business fits into. Below you are given potential answers to questions 3 through 9 on each table and one example table. Please fill in the whole table 1. Business Mark’s Feed Store (Local Bar-B-Q restaurant) 2. Industry 3. Size of Market 4. Number of Buyers 5. Number of Sellers 6. Product Type 7. Barriers to Entry 8. If high, why? 9. Market Type
Fill in the table and use your answers to the questions to figure out which market type each business fits into. Below you are given potential answers to questions 3 through 9 on each table and one example table. Please fill in the whole table 1. Business Mark’s Feed Store (Local Bar-B-Q restaurant) 2. Industry 3. Size of Market 4. Number of Buyers 5. Number of Sellers 6. Product Type 7. Barriers to Entry 8. If high, why? 9. Market Type
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Fill in the table and use your answers to the questions to figure out which market type each business fits into. Below you are given potential answers to questions 3 through 9 on each table and one example table.
Please fill in the whole table
1. Business |
Mark’s Feed Store (Local Bar-B-Q restaurant) |
2. Industry |
|
3. Size of Market |
|
4. Number of Buyers |
|
5. Number of Sellers |
|
6. Product Type |
|
7. Barriers to Entry |
|
8. If high, why? |
|
9. Market Type |
|
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