6. automotive industry: in this industry, there are a few sellers that tend to dominate the market. perfect…

6. automotive industry: in this industry, there are a few sellers that tend to dominate the market. perfect competition monopolistic competition oligopoly monopoly 7. beef industry: there are many different suppliers of these products, which prevents any one of them from setting prices. perfect competition monopolistic competition oligopoly monopoly

6. automotive industry: in this industry, there are a few sellers that tend to dominate the market. perfect competition monopolistic competition oligopoly monopoly 7. beef industry: there are many different suppliers of these products, which prevents any one of them from setting prices. perfect competition monopolistic competition oligopoly monopoly

Answer

Brief Explanations:

In an oligopoly, a few sellers dominate the market, which matches the automotive - industry description. In perfect competition, there are many suppliers and no single firm can set prices, which fits the beef - industry description.

Answer:

  1. Oligopoly
  2. Perfect Competition