Respond to the following prompt in a post with a minimum of 200 words. Then comment on at least TWO other posts.
Name a product that you regularly purchase from a firm that operates in an oligopolistic industry. Explain why the product and firm fit the model of oligopoly. Think about the TV commercials and/or print advertisements that you’ve seen from this industry: What interdependence have you noticed between the firm you selected and its rivals in terms of product differentiation, price leadership, or price competition? Explain your answer.
- Discussion: Oligopoly. Provided by: Jennifer Pakula and Lumen Learning. License: CC BY: Attribution