Here is a list of the products I would buy and the market they would be in:
· Tires for my car which would be a monopolistic competition because there are a few different types of wheels I could buy. Also I would need to figure out what kind of tires I would need, and the price would be important factors in the purchasing of my new tires. There are so many buyers and sellers in this market.
· I would need to also find a place where they could install my tires. I would be looking for a company that was an oligopoly because there are only 3 or 4 auto places in our area. Again price would be a major factor in the place I choose.
· I bought a couple of sweatshirts a few days ago. I could have gone anywhere to get the same sweatshirt but, I chose Dicks Sporting Goods, so that was a monopolistic competition. So instead of Dicks I could of went to Modell’s and maybe got a better deal.
· I’m getting a tattoo today, so I won’t have any money anymore. This is defiantly a monopolistic competition, but most people don’t want tattoos. However there still are a lot of tattoo parlors.
· If I wanted to buy a book o magazine I could go to a million different places, so I believe this is as close as you can get to perfect competition. There are probably a million authors of books and over a thousand different types of magazines.