Watch the video from Charlie and the Chocolate Factory. The 2005 film features a remake of the classic 1971 movie, Willy Wonka and the Chocolate Factory. Both are based on classic British novels, Charlie and the Chocolate Factory and Charlie and the Great Glass Elevator, written in the 1960's. The story focuses on eccentric candy maker Willy Wonka and five children that win a tour of his chocolate factory.

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1) How does the video clip relate to monopolistic competition?

2) Use the information from the video to support the concept you selected.

HINTS:

1) Clearly identify your example from the video as it it relates to the current course material.

2) Consider the ideas of number of sellers, type of product, barriers to entry, and pricing, output, and profit behavior as it relates to the video clip.

3) Clearly relate the video clip to the concept that you selected.