Complete the following table by indicating key characteristics of each market structure. Market Structure Number of Firms Type of Product Entry Control of Price Monopoly                      Oligopoly                       Monopolistic Competition                     Perfect Competition                        For each of the following scenarios, determine which market structure best describes the scenario. Scenario Market Model Dozens of plain white socks producers use a widely known and readily available technology.      Scholastic Inc. is the only company with the U.S. copyright to a popular series of books.      Many small shops sell different styles of sweaters. Sweaters vary by price and quality.      Four Internet providers offer similar services. Any new company would have to engage in a price war with the existing companies.

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