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Discussion: Market Forms Maximizing Profits in Structures
From the perspective of a manufacturer (producing a product of your choice) operating with the goal of maximizing revenues and profits, outline strategies for succeeding at this goal under each of the four market forms:
Perfect Competition, Monopolistic Competition, Oligopoly, and Monopoly.
Be sure to be clear on the reasons for differences in strategies. Include also a discussion of: A) Which market form would benefit you the producer the most and B) Which market form would benefit consumers the most. Your work is to be a Word document, in APA format, and 3-5 pages long (that means pages of content).
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
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