Dissertation Writers: Give an example of a real-world monopolist.
Discussion 1- Microeconomics (250 words)-Thoughtful, thought provoking analysis of the topic
Week 6 gave us our first look at two market structures on polar opposites end of the spectrum – perfect competition and monopolies. Even when a real-world firm is not a theoretically pure competitive firm or theoretically pure monopoly, they may have enough features of one to be usefully modeled as such. This week’s discussion will look at some real world examples.
First, respond to the following:
Give an example of a real-world perfectly competitive market. Briefly explain your choice.
Give an example of a real-world monopolist. Briefly explain your choice.
* Your examples for (1) and (2) must be businesses, not government entities/agencies.