Start your discussion by responding to these questions using the company for which you currently work, a business with which you're familiar, or a dream business you want to start: With your selected business in mind, determine if it is in a market characterized by perfect competition, monopolistic competition, oligopoly, or monopoly. How does the business/firm in this industry determine the price it will charge for the products or services it sells?
Start your discussion by responding to these questions using the company for which you currently work, a business with which you're familiar, or a dream business you want to start: With your selected business in mind, determine if it is in a market characterized by perfect competition, monopolistic competition, oligopoly, or monopoly. How does the business/firm in this industry determine the price it will charge for the products or services it sells?
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- Start your discussion by responding to these questions using the company for which you currently work, a business with which you're familiar, or a dream business you want to start:
- With your selected business in mind, determine if it is in a market characterized by perfect competition, monopolistic competition, oligopoly, or monopoly.
- How does the business/firm in this industry determine the price it will charge for the products or services it sells?
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