Determine whether the following firms operate in an industry that is considered a perfectly competitive market or pure monopoly. a. Katherine's Orchard sells apples in Washington, a state in which many orchards are selling similar apples. multiple choice 1 Perfectly competitive market Pure monopoly b. The Station operates a gas station in a small town, with no close competitors for miles. multiple choice 2 Perfectly competitive market Pure monopoly c. Moe's Service Center is the only service station in town to offer brand name tires. multiple choice 3 Perfectly competitive market Pure monopoly d. The Coffee Shop offers coffee for the market price. It is unable to charge any price above the market price or customers will purchase coffee from a competitor. multiple choice 4 Pure monopoly Perfectly competitive market
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