restaurants nationwide.....? The restaurant owners buy from the cheapest pasta producer they can. While pasta manufacturers must pay licensing fees to their local government and undergo regular food-safety inspections, anyone who passed inspections can acquire and maintain their license.
Number of firms?
a) few
b) many
c) one
type of product?
a) anything
b) unique
c) differentiated
d) identical
Market model?
a) monopolistic competition
b) monopoly
c) oligopoly
d) perfect competition

2) Only three airlines fly from san francisco to Medford, Oregon. No new airline will enter this market because there are not enough customers to share among four or more airlines without each one experiencing substantially higher average costs. Consumers view all airlines as providing basically the same service, and will shop around for the lowest price.
Number of firms?
a) few
b) many
c) one
type of product?
a) anything
b) unique
c) differentiated
d) identical
Market model?
a) monopolistic competition
b) monopoly
c) oligopoly
d) perfect competition

3) There are hundreds of colleges and universities that serve millions of college students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs.
Number of firms?
a) few
b) many
c) one
type of product?
a) anything
b) unique
c) differentiated
d) identical
Market model?
a) monopolistic competition
b) monopoly
c) oligopoly
d) perfect competition

4) The government has granted a patent to a drug company for an experimental AIDS drug. That company is the only firm permitted to sell the drug.
Number of firms?
a) few
b) many
c) one
type of product?
a) anything
b) unique
c) differentiated
d) identical
Market model?
a) monopolistic competition
b) monopoly
c) oligopoly
d) perfect competition