ECON312 Market Structure Classification

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ECON312 Market Structure Classification
Think about a firm that you have done business with recently. What industry does this firm…

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ECON312 Market Structure Classification

ECON312 Market Structure Classification

Discussions Week 3 All Students Posts Р32 Pages 

Think about a firm that you have done business with recently. What industry does this firm belong to? For example, McDonald’s is a firm in the fast food industry. What market structure would this industry fall under? What are the names of other firms in this industry? Is it monopolistic competition, oligopoly, monopoly, or perfect competition? Justify your classification of the firm. Use the characteristics/features of the different market structure to determine which market structure to classify your chosen firm.