UPPER IOWA -UNIVERSITY ..... ECON-160-2B-77 Principles of Microe... Content Syllabus Assignments Discussions Quizzes Grades Classlist More Tools Stude Discussions List > View Topic M5: Discussion Question 2 Nov 20 - Nov 26 Must post first. Subscribe Industries differ from one another in term of how many sellers there are in a specific market, how easy or difficult it is for a new firm to enter, and the type of products that they sell. Economists refer to this as an industry's market structure. Reply to these prompts by using the company for which you currently work, a business with which your familiar, or a dream business you want to start: With your selected business in mind, determine if it is competitive, monopolistic competitive, an oligopoly, or pure monopoly. Explain how you drew your conclusion about its market structure. How does the business/firm in this industry determine the price it will charge for the products or services it sells? Rubrics Discussion rubric - Initial Response