29 Jul Identify a firm which operates in monopolistic competitive e
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.Be sure to cite all source used.PLEASE DO NOT RELY ON WIKIPEDIA, INVESTOPEDIA OR ANY OTHER PEDIA AS A REFERENCE AT ANYTIME IN THIS COURSE.Rules for credit in the discussion:Your Pin, the presentation of your solution to the above, 120 words required for full credit of 10 points.B Click the large Yellow Button Pin +Comment/Reply to 2 other participants, 30 words each required for full credit of 5 points each.Extra Credit, up to 5 points extra credit may be earned for additional comments/reply.B This is the only extra credit available in the course.
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