Firm: NEW ERA CAP, an american headgear company

identify any oligopoly market(s) in which the firm participates. Describe the market and explain why you think the firms in that market are cooperating with or competing against each other. Besides your descriptive analysis, answer the following questions:

1. What can Oligopoly Theory say about your firm and its decisions?
2. What would happen in the market if it became more competitive because additional firms entered the market?
3. What would happen to your firm's profit?
4. Are Oligopolistic markets something that firms should seek out in order to participate in them?
5. If the firms are competing with each other in the market, what are the benefits and costs of trying to cooperate?
6. If the firms are cooperating, what are the benefits and costs of trying to compete?
7. Should the firm you are analyzing switch its behavior? Why or why not?