For this discussion assignment, continue discussing the product you chose for the discussion assignment, “Optional Writing Assignment 1”.
Explain your answers. Graphs not needed. You may not know some of the answers, but the point is for you to make educational speculations about the answers.
Each question should be answered in no more than 60 words.
1) Rate, using a scale of 0 (nothing like) to 10 (exactly like), how closely your industry fits the pure monopoly model? Make to sure to explain your answer using all assumptions of the model for pure monopoly.
2) Provide (thoroughly describe) an example of a creative, unique, or interesting pricing strategy that is used by your produce or industry. Alternatively, suggest a pricing strategy that might be used to increase profits.
3) Rate, using a scale of 0 (nothing like) to 10 (exactly like), how closely your industry fits the monopolistic competition model? Explain.
4) How has anyone in your industry differentiated the good? Think of another way to differentiate the good being very specific and include why you believe people would want this change
5) Rate, using a scale of 0 (nothing like) to 10 (exactly like), how closely your industry fits the oligopoly model? Your explanation should include description of any game strategies.