ECO2305 Microeconomics

Discussion Board 3 (50 points >5%)

This assignment relates to the following Course Learning Requirements:

• CLR 3) Analyze the effects of government intervention in the marketplace.
• CLR 4) Analyze the theory of firm behaviour.

There are four market structures - perfect competition, monopolistic competition, oligopoly, and monopoly.

1.Visit a retailer that you feel has the characteristics that are most close to the monopolistic competitive market structure. (2 marks)

a.Provide the name and location of the retailer (You can useonlineretailers. If you do, provide the website).

b.Describe its characteristics and how they differ from a perfect competition market structure.

2.Visit a retailer or business that you feel has the characteristics that are most close to an oligopoly market structure. (2 marks)

a.Provide the name and location of the retailer or business (If you useonline organizations, provide the website).

b.Describe its characteristics and how these differ from the characteristics of a monopoly.