Choose a market for a product in which you work, or in which you are interested.
- Which of the 4 classes of “Market Structure” comes closest to describing the current state of the market.
- Do you think that 10 years from now that market structure will be the same, or do you think it will change to become more competitive or less competitive? Explain.
4 Market Structures: Pure Competition, Pure Monopoly, Monopolistic Competition, and Oligopoly,