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Imperfect Competition 

Imperfect Competition

Identify a firm with which you routinely deal, either personally or professionally, that is oligopolistic or monopolistically competitive.

Analyze the characteristics that generate this market structure, focusing on economies of scale, product differentiation, and barriers to entry.

Identify a competitor and very briefly discuss how they differ.

 

 

……………………..Answer preview…………………..

According to Dhar, Et al (2005), market structures designate the competitive environment that a firm operates. The market structure characteristics have a key influence on the tactics and competitive strategies that are employed by the firms. In that case, for this paper I have chosen Coca-Cola company that largely operates in an oligopoly………………

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