Market Structures List the Top 4 Brands for Each of the Following Products: Jeans 1. 2. 3. 4. Soft Drinks 1. 2. 3. 4. Strawberries Tap Water 1. 1. 2. 2. 3. 3. 4. 4. Market Power - Types: 1) Perfect Competition - - Large number of firms producing the _________________________. - __________ is set by buyer. - Each firm’s production level ___________________________. - _______ barriers to entry. Ex. 2) Monopolistic Competition - - Many firms compete to sell products that are _________________________________. - Differentiated products. - _________ control over price. - ________ barriers of entry. Ex. More Competition Less Competition Less Concentration More Concentration