Question: Working in your assigned groups, students will examine and discuss the market structure ( monopolistic competition). Students will provide an example of one actual business
Working in your assigned groups, students will examine and discuss the market structure ( monopolistic competition). Students will provide an example of one actual business that you believe operates in monopolistic competition.
Your examination should include the following 4 elements:
A brief description of the company and its product/service
a general description of who its competitors are and how many
how hard or easy would it be to enter that business, and
the company's market power (price-makers or price takers)
The name of the business is Burger King
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