Q Question 1 A local telephone company is the only company that provides local calls in a small town. Question 2 There are 7,079 small companies in the retail bakery industry. No one company has the opportunity to control the market price. Question 3 There are 176 companies in the dog food and cat food manufacturing industry, and their products all have different flavors and textures. Competitors can enter the industry with relative ease. All the companies have some control over the price. Question 4 There are 13 companies in cigarette manufacturing. A very large percentage of sales is concentrated in a few large companies. It is difficult for competitors to enter the industry. Question 5 Many farmers in the United States grow corn. They are not able to control the market price.

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