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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.

  1. 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.
  2. Provide the name and location of the retailer (You can useonlineretailers. If you do, provide the website).
  3. Describe its characteristics and how they differ from a perfect competition market structure.
  4. 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.
  5. Provide the name and location of the retailer or business (If you useonlineorganizations, provide the website).
  6. Describe its characteristics and how these differ from the characteristics of a monopoly.

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