1. You must select one type of business from the list below . Identify which mar
ID: 1176202 • Letter: 1
Question
1. You must select one type of business from the list below . Identify which market structure (Monopoly, Duopoly, Oligopoly, or Monopolistic Competition or Perfect Competition) the business fits and why answering the specific learning outcomes and with a one to two paragraph explanation as to why.
2. Oligopoly
Define the characteristics of the firm.
Explain the company's interdependence & collusion with other firms.
Explain where or not the industry the companies behave like cartels.
Explain the company's behavior & game theory.
Explain which company is the price leader in this industry & why.
Explanation / Answer
Purdue Chicken--------- Oligopoly ============================================================================================================================================================================================= Lowe's----- Oligopoly ============================================================================================================================================================================================= Aloca--- Oligopoly ============================================================================================================================================================================================= Wal-Mart-------Monopoly ============================================================================================================================================================================================= American Airlines--------Oligopoly, ============================================================================================================================================================================================= Airbus----Monopolistic Competition ============================================================================================================================================================================================= MacDonald's-------Monopoly, ============================================================================================================================================================================================= Exxon/Mobile------Monopoly, ============================================================================================================================================================================================= Microsoft----Monopoly, ============================================================================================================================================================================================= Verizon-----oligopoly ============================================================================================================================================================================================= Strawberries-----oligopoly ============================================================================================================================================================================================= Comcast----oligopoly ============================================================================================================================================================================================= Corn---oligopoly
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