Exploring monopolies and oligopolies” | Economics homework help

 

Watch this video, Oligopolies and Monopolistic Competition, to help you prepare for this week’s discussion.

Use the company for which you currently work, a business with which your familiar, or a dream business you want to start to reply to these prompts:

  • 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?

Discuss with your peers:

  • Read one of your peer’s posts and share an insight or question you have about that business and its market structure.