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ECO/204 ECO/204 3 DISCUSSION 2 -OLIGOPOLY & MONOPOLISTICALLY COMPETITIVE -PRINCIPLES OF MICROECONOMICS -ANSWER KEY

ECO/204 ECO/204 3 DISCUSSION 2 -OLIGOPOLY & MONOPOLISTICALLY COMPETITIVE -PRINCIPLES OF MICROECONOMICS -ANSWER KEY
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ECO/204 3 DISCUSSION 2 -OLIGOPOLY & MONOPOLISTICALLY COMPETITIVE -PRINCIPLES OF MICROECONOMICS

Discussion 2 – Oligopoly/Monopolistic Competition

Which of the following industries would you classify as an oligopoly? Which would you classify as monopolistically competitive? Make sure in your answer to relate it to the characteristics of the market structures. Explain your answer. If you are not sure, what information do you need to know to decide? Respond to at least two of your fellow students’ postings.

a. Athletic shoes

b. Restaurants

c. Watches

d. Aircraft

e. Ice Cream

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