discussion form

 

(1) Write the name of a specific firm. It should be a real company (can be located anywhere in the world), not hypothetical. For example, Walmart, Apple Corp Ltd., etc.

(2) What products or services do this firm sell? If the firm sells a wide variety of goods, choose a single item to answer the following questions:

(a) What other firms compete with this company on the item you have chosen in (2) above? Are there many competitors, only a few, or none selling the same item?

(b) Which market structure would the firm and your chosen item belong to.  Is it perfect competition or monopolistic competition?

Answer the above questions in terms of microeconomic theories including market structure characteristics, etc.

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