ECONOMICS
COMPETITION AND MARKET STRUCTURES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A perfectly competitive firm
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Monopoly
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Oligopoly
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Monopolistic competition
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Detailed explanation-1: -One argument is that the U.S.P.S. constitutes a “natural” monopoly. That is, it is contended, it would be impossible for competing private firms to provide efficient service. Thus, it is argued, we need a government-run monopoly.
Detailed explanation-2: -The U.S. Postal Services maintains a monopoly on mail delivery in part through its exclusive right to access customer mailboxes.
Detailed explanation-3: -In the United States economy most markets can be classified into four different markets structures. But, each and every market in the United States is completely unique from the others.
Detailed explanation-4: -The correct answer is Option D) the US Postal service. The postal service will have all the control and possession in providing services. It will dominate the whole market. It is the form in which the postal services will have full control over the market.