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Based on last week's discussion, select a monopolistic competitive firm and an oligopoly firm. Then apply Porter's five forces and compare:1) What are the challenges to profits faced by each firm?2) W
Based on last week's discussion, select a monopolistic competitive firm and an oligopoly firm. Then apply Porter's five forces and compare:
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.
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