30 Jul DISCUSS THE STRATEGIES AND ACTIONS (EITHER LEGAL OR ILLEGAL) A FIRM COULD EMPLOY TO MONOPOLIZE THE MARKET FOR A GOOD OR SERVICE
Week 5 discussion 1
“Monopoly”
Please respond to the following:
• Discuss the strategies and actions (either legal or illegal) a firm could employ to monopolize the market for a good or service. Explain why this would be so drawing on the concepts discussed in Chapter 9.
Discuss a best practice that would apply to a monopolist in any market. Explain why you support it as a best practice.
Week 5 discussion 2
“Monopolistic Competition and Oligopoly”
Please respond to the following:
• Discuss the single biggest competitive advantage a firm in such a market could have. Explain your rationale.
Discuss the likely economic outcome if all markets were oligopolistic. Provide specific examples to support your response.
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