• Watch the video, Oligopolies and Monopolistic Competition c-,, to help you prepare for this week’s discussion. • 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:
0 With your selected business in mind, determine if it is perfectly competitive, monopolistic competitive, oligopolistic, or monopolistic. Explain how you drew your conclusion about its market structure.
0 How does the business/firm in this industry determine the price it will charge for the products or services it sells?