Pick any industry evaluate the structure, based on newspaper information, determine the type of industry( pure completion , monopoly, monopolistic competition or oligopoly).

Pick any industry evaluate the structure, based on newspaper information, determine the type of industry( pure completion , monopoly, monopolistic competition or oligopoly).

What are the characteristic of that marker structure?

Which characteristics in your industry match the market structure?

Are the any structure or carctristics does not relate to?

Which one does relate to?

If the industry is purely comperitive or a pure monopoly , how would it be different if it was?

If industry is purely competitive or pure monopoly, what are the unique characteristics of your industry that cause it to be calssified as one of these markets?

Evaluate the efficiency of the market. What is the elasticity of demand and support you idea. predict wherher or not there will be change in supply or demand. Use total rvenue test for elasticity, how would your predicted changes in the market impact total revenue and profits for the industry.