Task: Review the following questions and prepare a four to five page report on any three of the following issues:
1. Firms in Competitive Markets
Florida Citrus Web Site Go to https://www.floridajuice.com/. The "Florida Citrus Web Site" is sponsored by the Florida Department of Citrus on behalf of the State's Orange Industry. Among other things, the site is clearly an advertisement for the state's orange industry. Have you ever seen or do you expect to see advertising for individual orange growers? Why? In terms of demand and supply, what is the purpose of the "Florida Citrus Web Site?"
2. Monopoly
Bottled Water Go to https://www.perrier.com/. Does a monopoly firm produce this product? Explain.
3. Monopolistic
Monopolistic Competition on the Web Go to https://www.msn.com/, https://www.aol.com/, and https://www.cs.com. Browse around each page. Are these three Internet services participating in a monopolistically competitive market? Explain.
4. Oligopoly
The OPEC Oil Cartel Go to www.opec.org. What are the organization's stated goals, which countries are members, and when was it founded? Is it normal for them to be successful in keeping oil prices high, or have they faced difficulties in keeping the cartel united in the past?
5. Antitrust Enforcement and the Consumer
Go to https://www.usdoj.gov/atr/overview.html. This is the United States Department of Justice's view of its role in antitrust enforcement. Do you think the U. S. Government is doing enough in this area? be specific citing examples.