Does the business operate in a market that is characterized by perfect competition, monopolistic competition, oligopoly, or pure monopoly? Explain how you drew your conclusion about its market structure.

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Exploring Monopolies and Oligopolies

Watch this video (Oligopolies and Monopolistic Competition) to help you prepare for this week’s discussion:

Reply to these prompts using the company for which you currently work, a business with which you are familiar, or a dream business you want to start:

  • Does the business operate in a market that is characterized by perfect competition, monopolistic competition, oligopoly, or pure monopoly? Explain how you drew your conclusion about its market structure.