Question: identify a firm which operates in monopolistic competitive environment and...
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.
Then describe what are the challenges to profits faced by each firm? Which firm is likely to have a much higher rate of return? What challenges to profits arise due to supply chain and intermediary consumers such as processor and distributors.