Purpose
Evaluate the market structure and its implications for a product you are familiar with.
Directions
Initial Response: Choose a product or service that you are familiar with (something you use or have used, something related to a job you or someone close to you has held, etc.). Are there a lot or few firms in the industry? Are the products similar or identical or without close substitutes? Are there barriers to entry and, if so, what are they?
Grading:
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Required Response
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Use of Terms and Ideas Learned
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