26 Jul The discussion answer(s) must be a minimum of 125 words of sub
The discussion answer(s) must be a minimum of 125 words of substance with any references cited in APA format. No copying and pasting of work previously done for someone else. 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. Michael Porter’s Five Forces · low buyer power· low supplier power· low threat of entry (high barriers to entry)· low threat from substitutes· low levels of rivalry between existing firms 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? Be sure to cite all sources used.
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