Industry Project 1 & 2

Name: ___________ Additional Project Side 2 20 points

Same as Side 1:

Your product: ___________ Firm who makes it: ___________ Part of what industry:____________

Each question should be answer in no more than 60 words.

6) Rate, using a scale of 0 (nothing like) to 10 (exactly like), how closely your industry fits the perfect competition model? Make to sure to explain your answer.

7) Rate, using a scale of 0 (nothing like) to 10 (exactly like), how closely your industry fits the monopolistic competition model? Explain.

8) How has anyone in your industry differentiated the good? Think of another way to differentiate the good being very specific and include why you believe people would want this change

9) Rate, using a scale of 0 (nothing like) to 10 (exactly like), how closely your industry fits the oligopoly model? Your explanation should include description of any game strategies.