Choose a good or service that is supplied by a small number of oligopoly firms. Gather information on the good from public sources, library databases, etc. to answer the following questions:
a. Who are the leading firms and what are their market shares? Compute the concentration ratio for the relevant market.
b. What are the most important decisions (price, innovation, advertising and so on) on which the firms compete?
c. What has been the history of entry into the market? What kinds of barriers to entry exist?
No two industries may match exactly and it’s first posted, first served so pay close attention to the discussion board before you spend a significant amount of time on your research. Duplicate industry choices will be deleted and it will count against your discussion grade if you’ve not made an original post.