Assignment:
Watch this video, Oligopolies and Monopolistic Competition, to help you prepare for discussion.
Use the company for which you currently work, a business with which your familiar, or a dream business you want to start to reply to these prompts:
1. With your selected business in mind, determine if it is competitive, monopolistic competitive, an oligopoly, or pure monopoly. Explain how you drew your conclusion about its market structure.
2. How does the business/firm in this industry determine the price it will charge for the products or services it sells?
Discuss with your peers:
Read one of your peer's posts and share an insight or question you have about that business and its market structure.