Answer to Question #205118 in Microeconomics for azhar khan dawar

Question

Give 3 examples each for:

·       Monopoly                           

·       Oligopoly

·       Perfect competition

·       Monopolistic competition

·       Public goods

·       Fix costs

·       Variable costs

Answer 1

The following are examples for each category

1:Monopoly        

•  Kenya Power and Lighting Company
• Microsoft and Windows  
•   DeBeers         

2:Oligopoly

• auto industry
• cable television
• commercial air travel

3: Perfect competition

• Foreign exchange markets.
• Agricultural markets.
• Internet related industries.

4:Monopolistic competition

•  hairdressing.
•  pubs
• restaurant

5: Public goods

• A streetlight 
• flood control systems
• fresh air

6: Fix costs

• rental lease
• property taxes
• depreciation

7:Variable costs

•  costs of goods sold
• wages and commissions
• packaging