RE: Week 4 Discussion(Economics)

Watch this video (Oligopolies and Monopolistic Competition) to help you prepare for this weeks discussion:

Reply to these prompts 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 competitive, monopolistic competitive, an oligopoly, or pure monopoly. Explain how you drew your conclusion about its market structure.
How does the business/firm in this industry determine the price it will charge for the products or services it sells?
Have a conversation with your peers:

Read one of your peers posts and share an insight or question you have about that business and its market structure.

Please no citations or references. Only one paragraph with a question at the end followed by the answer.