6. Number of Sellers: There are hundreds of colleges and universities that serve millions of college students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs * (1 Point) Few Many Few One 7. Type of Products: There are hundreds of colleges and universities that serve millions of college students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs * (1 Point) Unique Differentiated Standardized (Identical) Unique 8. Market Model: There are hundreds of colleges and universities that serve millions of college students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs (1 Point) Is * Monopolistic Competition Perfect Competition Oligopoly Monopolistic Competition Monopoly

Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: Public Goods And Common Resources
Section: Chapter Questions
Problem 8PA
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6. Number of Sellers: There are hundreds of colleges and universities that serve millions of college
students each year. The colleges vary by location, size, and educational quality, which allows
students with diverse preferences to find schools that match their needs *
(1 Point)
Few
Many
Few
One
7. Type of Products: There are hundreds of colleges and universities that serve millions of college
students each year. The colleges vary by location, size, and educational quality, which allows
students with diverse preferences to find schools that match their needs *
(1 Point)
Unique
Differentiated
Standardized (Identical)
Unique
8. Market Model: There are hundreds of colleges and universities that serve millions of college
students each year. The colleges vary by location, size, and educational quality, which allows
students with diverse preferences to find schools that match their needs *
Monopolistic Competition
Perfect Competition
Oligopoly
Monopolistic Competition
Monopoly
Transcribed Image Text:6. Number of Sellers: There are hundreds of colleges and universities that serve millions of college students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs * (1 Point) Few Many Few One 7. Type of Products: There are hundreds of colleges and universities that serve millions of college students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs * (1 Point) Unique Differentiated Standardized (Identical) Unique 8. Market Model: There are hundreds of colleges and universities that serve millions of college students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs * Monopolistic Competition Perfect Competition Oligopoly Monopolistic Competition Monopoly
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