“Market Structures and Pricing Strategies: A Comparative Analysis” Market Structures and Pricing Strategies: A Comparative Analysis 1. Monopolistic Competitive Markets vs. Oligopoly Markets Monopolistic competitive markets and oligopoly markets are two types of market structures

1. Compare and differentiate the 4 basic characteristics of monopolistic competitive markets and oligopoly markets (Refer to Table 9.1)
2. Provide your own real examples of monopolistic competitive and oligopoly markets, and explain how these firms are price makers.
3. Illustrate the 3 degrees of price discrimination with your own real examples.
4. Do you think the Prisoner’s Dilemma game is relevant for managerial decisions?