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How does the business in the industry determine the price

Assignment Help Microeconomics
Reference no: EM132228805

Question: Under 350 Words, NO references are need, Must be in your own words

Watch this video: Oligopolies and monopolistic competition | Forms of competition | Microeconomics | Khan Academy, to help you prepare for this week's discussion.

Reply to these prompts by using the company for which you currently work, a business with which your 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?

Reference no: EM132228805

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