FIRST, reread this section of the text (CH 3, pgs. 42-3). Then SECOND, to make sure you are clear on the four different types of competition, describe each in your own words in the space to the right. Be sure identify distinguishing characteristics for each. FINALLY, select ONE of the competition types and provide a SPECIFIC EXAMPLE 7 an actual company or industry. And more specically, I would like you to practice creating a thesis statement, or a clear assertion, with solid proof and support to back it up. So, for example, let's say I want to use an example I thought about while gassing up my car the other day. It struck me that the retail gas industry is an example of an Oligopoly and I want to prove that to you. To do that, I should make my assertion, provide a definition to prove I know what I'm talking about, then follow with specic clear evidence that links to the distinguishing characteristics. For example I think Shell operates within an Oligopoly. According to our textbook, an Oligopoly has \"a market structure with only a handful of competitors selling products that are either similar or different. Barriers to entry are typically high". While the Canadian Fuels Association acknowledges there are 11,908 retail gas stations Canada, over 7,000 are operated by the ve largest chains (Esso, Shell, PetroCanada, UltraMar and Irving). Obviously, it would be difcult to open enough stations at once to compete with these giants. Therefore, Esso, and all other retail gas stations operate within an Oligopoly. It's lengthy but that's why you only have to do ONE solid example. Follow the template exactly assertion, denition, supporting evidence, and concluding sentence. I'll explain why this is so important in class. MGMT1500: Homework Assignment FOUR DEGREES OF COMPETITION description PURE COMPETITION MONOPOLISTIC COMPETITION OLI GO POLY MONOPOLY example