Questions:
QUESTION (1)
"Perfect Competition" Please respond to the following:
Examine a perfectly competitive firm that you have recently purchased a product from, focusing specifically on how the firm operates relative to the characteristics of the market.
QUESTION (2)
"Owning the Market" Please respond to the following:
Identify a company in your local or generalized area that you would classify as a monopoly. Explain the key reasons why you classified the company as a monopoly, and state how the company operates relative to at least two (2) characteristics of that particular market.
Minimum of 500 words
Understand and answer the specified question
Cite Resources