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There are four market structures - perfect competition, monopolistic competition, oligopoly, and monopoly. Visit a retailer that you feel has the characteristics that are most
There are four market structures - perfect competition, monopolistic competition, oligopoly, and monopoly.
- Visit a retailer that you feel has the characteristics that are most close to the monopolistic competitive market structure. (2 marks)*** Due to self-isolation from the virus, you can recall from a previous visit.
- Provide the name and location of the retailer (You can useonlineretailers. If you do, provide the website).
- Describe its characteristics and how they differ from a perfect competition market structure.
- Visit a retailer or business that you feel has the characteristics that are most close to an oligopoly market structure. (2 marks) *** Due to self-isolation from the virus, you can recall from memory or conduct research.
- Provide the name and location of the retailer or business (If you useonlineorganizations, provide the website).
- Describe its characteristics and how these differ from the characteristics of a monopoly
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