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Watch the video,Oligopolies and Monopolistic Competition, to help you prepare for this week's discussion. https://www.youtube.com/watch?v=PzDthFTzEa0&t=1s Start your discussion by responding to these questions using the
- Watch the video,Oligopolies and Monopolistic Competition, to help you prepare for this week's discussion.
- https://www.youtube.com/watch?v=PzDthFTzEa0&t=1s
Start your discussion by responding to these questions using the company for which you currently work, a business with which you're familiar, or a dream business you want to start:
1- 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.
2- How does the business/firm in this industry determine the price it will charge for the products or services it sells?
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