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Exploring Monopolies and Oligopolies

Exploring Monopolies and Oligopolies

 

Reply to these prompts using the company for which you currently work, a business with which you’re 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?