The Grapes of Wrath by John Steinbeck (while covering Module 5 in the textbook). Provide five examples of market structures from the story line. The example should include the following:
monopsony example
Please note that monopsony should be reviewed in an external source (NOT WIKIPEDIA nor any other online encyclopedia). Please use a textbook.
Look for transactions (when a good, service, or labor is traded) in the story to help identify each of the structures.
Example should include a brief narrative of the story, a detailed graphical representation of the market, and a commentary about the effects of this market on the participants (the consumer and producer) and society. Example should not exceed two pages, but must include a narrative, graphical details, commentaries, and references. The graph may be conceptual but should include the price of the exchanged item.
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