Question: The discussion answer(s) must be a minimum of 125 words of substance with any references cited in APA format. No copying and pasting of work previously done for someone else.
Identify a firm which operates in monopolistic competitive environment and a firm which operates in an oligopoly environment. Explain how you concluded the firm was monopolistic competitive or an oligopoly.
Michael Porter's Five Forces
• low buyer power
• low supplier power
• low threat of entry (high barriers to entry)
• low threat from substitutes
• low levels of rivalry between existing firms
Apply Porter's five forces to explain:
1) What are the challenges to profits faced by each firm?
2) Which firm is likely to have a much higher rate of return?
3) What challenges to profits arise due to supply chain and intermediary consumers such as processor and distributors?
Be sure to cite all sources used.