Практический курс обучения английскому языку в многопрофильном вузе («Строительство»): Ex 1.6 Read the information in the table. Fill in the last column. Compare your ideas with the other groups.

Ex 1.6 Read the information in the table. Fill in the last column. Compare your ideas with the other groups.

Read the information in the table, analyze it. Write your answers with the content for the last column.

Feature	Perfect market	Construction and real estate market
Number of buyers and sellers	Many buyers and sellers; No monopoly, oligopoly or monopolistic competition.
Free entry and exit	Free entry and exit to and from the market.
Product knowledge and market exchange	Buyers and sellers are highly knowledgeable; The exchange takes place with ease.
Product and service homogeneity	The product or service offered is identical to the product or service offered by other firm.
Mobility	Products can be transported to capitalize on more lucrative markets.
Size and frequency of purchase	The item purchased is small and relatively inexpensive; It is purchased frequently.
Government’s role	Government plays little, if any, role.
Prices	Prices are established by the smooth action of supply and demand.