Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

There are two groups of firms below. Group 1: firms in the retail sector (e.g. Amazon;Wal-Mart; Target; Kohl's; Sears; Macy's) Group 2: firms in the

There are two groups of firms below.

  • Group 1: firms in the retail sector (e.g. Amazon;Wal-Mart; Target; Kohl's; Sears; Macy's)
  • Group 2: firms in the wireless services industry (e.g. Verizon; AT & T; Sprint/T-Mobile) (this about telecommunication services, not about the sale of phones)

For each group determine and explain if the group is monopolistic competitive or an oligopoly. You need to specific for both in which market structure the firms operate.

Then choose one of the firms from one group.Using a Porter's analysis what are the threat to profitability?This would be a great time to expand your research skills by checking out the firm's investor relations page.Use the Research Hub. Go to the ECO550 Library landing page and if you need help, Ask the Librarian to help you find the investor relations page.

Note:In your discussion posts for ECO550, do not rely on Wikipedia, Investopedia, or any similar website as a reference.

To earn full credit you need one direct response to the questions asked and at least on reply to another post.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics and Behavior

Authors: Robert Frank

9th edition

9780077723750, 78021693, 77723759, 978-0078021695

More Books

Students also viewed these Economics questions

Question

explain how psychosocial risks can be prevented or managed;

Answered: 1 week ago

Question

Context, i.e. the context of the information presented and received

Answered: 1 week ago