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List an example of at least one firm/industry for oligopoly and one firm/industry for monopolistic competition that has not already been covered in the textbook
List an example of at least one firm/industry for oligopoly and one firm/industry for monopolistic competition that has not already been covered in the textbook or power points. Explain the following for each market structure example separately (please use complete sentences): 1. Why do you think each firm would be operating in that market structure? Justify your answer. 2. Would the different firms have market power or would they be price takers? 3. How is market structure determined? 4. How much product differentiation would each firm/industry use to market their product? 5. In which market structure would firms experience the lowest overall profits? the highest? (Please DO NOT use the answer from C H E G G! Thank you!)
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