Consider the markets for tap water, bottled water, cola, and beer. Assume there is only one provider of tap water, bottled water manufacturers use advertising to differentiate their products, cola producers engage in strategic pricing behavior, and the beer market is largely controlled by only a few firms. Classify the market for each of the following drinks as either monopoly, oligopoly, monopolistic competition, or perfect competition.   Monopoly Oligopoly Monopolistic Competition Perfect Competition Tap water           Bottled water           Cola           Beer

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter10: Monopolistic Competition And Oligoply
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Consider the markets for tap water, bottled water, cola, and beer. Assume there is only one provider of tap water, bottled water manufacturers use advertising to differentiate their products, cola producers engage in strategic pricing behavior, and the beer market is largely controlled by only a few firms.
Classify the market for each of the following drinks as either monopoly, oligopoly, monopolistic competition, or perfect competition.
 
Monopoly
Oligopoly
Monopolistic Competition
Perfect Competition
Tap water
 
 
 
 
 
Bottled water
 
 
 
 
 
Cola
 
 
 
 
 
Beer
 
 
 
 
 
 
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