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:

Required Response Completed all tasks and answered all questions by the posted due date Wrote substantive postings of at least 1 paragraph
Use of Terms and Ideas Learned Used terms from readings correctly where appropriate Used ideas from readings correctly (with citation) to clarify, explain, or support an argument