Question:
Below you will find a list of well-known companies and the products that they sell. Choose one and discuss and explain which of the four types of markets (perfect competition, monopoly, monopolistic competition, and oligopoly) best characterizes the market in which they compete. As the discussion continues through the week, feel free to debate with your colleagues.
McDonald's - hamburgers
Exxon-Mobil - gasoline
Dell - personal computers
Heinz - ketchup
Procter & Gamble - disposable diapers
Kodak - photographic film
Starbucks - gourmet coffee
Domino's - pizza
Intel - computer chip for the PC