For 2 different companies from 2 different market types (perfect competition, mo

Question

For 2 different companies from 2 different market types (perfect competition, monopolistic competition, oligopoly, monopoly) provide well thought out, typewritten responses to the following. There is no minimum required length. Short of the company name, all responses should be typewritten in full sentences. You can just replicate the format below for the second company.

Company Name:

Description of Company’s Products and/or Services:

Name of at least two competing companies:

Basing your response on economic theory, under which market structure does the company operate:

Explanation / Answer

1. Company Name: Samsung

Description of Company’s Products and/or Services: Electronic goods (mobile phones, computers, televisions, etc.)

Name of at least two competing companies: Apple, Dell, Sony

Basing your response on economic theory, under which market structure does the company operate: Oligopoly

2. Company Name: Public utility companies

Description of Company’s Products and/or Services: Natural gas, Electricity

Name of at least two competing companies: na

Basing your response on economic theory, under which market structure does the company operate: monopoly

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