ECO550 Strayer Porter’s Five Forces and The Economic Models Porter’s Five Force and The Economic Models of Market Structure Identify 1. a firm which ope

ECO550 Strayer Porter’s Five Forces and The Economic Models Porter’s Five Force and The Economic Models of Market Structure

Identify

1. a firm which operates in monopolistic competitive environment and

2. a firm which operates in an oligopoly environment.

Explain how you concluded the firm was monopolistic competitive or an oligopoly.

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?

PLEASE DO NOT USE WIKIPEDIA OR INVESTOPEDIA

Cite at least two (2) sources

Be sure to cite all sources used.

PLEASE DO NOT USE WIKIPEDIA OR INVESTOPEDIA