Impact of internet on market structure

Reference no: EM1373203

Discuss and explain how the development of the Internet has changed the market structure in which firms operate. Remember that, we are assuming most companies can be categorized as being in ideal competition, monopolistic competition, oligopoly, or monopoly. Keep in mind, however, that perfect competition exists mostly as an ideal or benchmark, i.e. it is rarely if ever seen in the 'real world.'

Remember to use the criteria by which we categorize firms, e.g. the number of firms in a market, degree of competition, amount of market information available to both sellers and buyers, etc.

Lastly, see if you can use our managerial economic material to measure the impact of the Internet on market structure.

Reference no: EM1373203

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