Exploring Monopolies and Oligopolies"

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.