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.
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.
