Tackle the Test: Free-Response Questions

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  1. Question

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    For each of the following characteristics, indicate which market structure(s) exhibit that characteristic.

    Rubric for FRQ 1 (7 points)

    1. 1 point: perfect competition

      1 point: monopolistic competition

    2. 1 point: perfect competition

    3. 1 point: monopoly

      1 point: oligopoly

    4. 1 point: oligopoly

      1 point: monopolistic competition

  2. Question

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