Select choose One and write at least 2 paragraphs in length and include answering the prompt, in full, and providing real-life examples to help you explain how these ideas have impacted you in some way.

Option 1: What are the main features of an oligopolistic market? How do oligopolies set their prices? Explain how you can distinguish a firm in an oligopolistic market from one in a monopolistic competitive market.

OR

Option 2: Discuss an example of anti-trust regulation (laws or policy). Is it effective? Do you think there should be more or less anti-trust regulation today and why? Be specific in your response.