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What are the market structures? Which will you prefer to do business with? Which market structure will have more control over us (consumers)? Which market structure will have total control over consumers? (Chapters #23, #24, # 25 McConnell & Brue)

The four market structures are pure competition, pure monopoly, monopolistic competition and oligopoly. If I were an organization I would prefer to operate as a pure monopolistic monopoly because I would be able to dominate in my market. Within this structure, one firm is the seller of a particular product or service. I have always had electricity through Georgia Power, however when my husband and I moved to Gwinnet County in Georgia we had to use Walton EMC, an electric provider I had never heard of. I was use to the way Georgia Power ran their organization and was comfortable with my bill. But because Walton EMC was the only provider for electricity in my area, my husband and I had no choice.

I think this structure has the most......

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Approximate Word Count: 293
Approximate Pages: 2 (250 words per double-spaced page)

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