The final four chapters of this course cover the 4 market structures: perfect competition, monopoly, monopolistic competition,...

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Economics

The final four chapters of this course cover the 4 marketstructures: perfect competition, monopoly, monopolisticcompetition, and oligopoly.Â Â
For this discussion, you are to choose a business and explain,in detail, in which market structure they belong.Â Â Besure to include the following:
Is it easy or difficult to enter the market? Is it easy ordifficult to exit the market? Why or why not?
What type of product or service do they provide - unique?homogeneous? differentiated?
Do they have competitors? If so, who? If not, why not?
Are they price takers or price makers?
Do they differentiate themselves from their competitors (ifthey have competition). How do they differentiate (for example,customer service, location, quality, etc.)
Your initial post should be at least 250 words. Be sureto include references and citations for any information youincluded. Opinions are welcomed, but make sure they are \"educated\"opinions with resources to back them up. Post directly into thetext area (do not attach files unless they are supplementarymaterial).

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The business of wireless carriers The combined market share of the four major wireless carrier companies in the USSprintNextel TMobile Verizon and ATTis over 98 In this highlyconcentrated industry certain practices that are unfriendly to the consumer have become the norm including termination fees and sneaky overage charges The majority of consumers are locked in contracts with one of these four companies and See Answer

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