Part One: Pick one of firms listed below. Determine what type of firm and market structure. Is it a monopoly, oligopoly or monopolistic competitive. You must support your answer with what you have learned in economics, and provide researched information to support your decision. How does the market structure you determined compare to perfect competition?
Marriott or Hilton hotels
Luxottica
Monsanto
Chipotle
Starbucks
Part Two:
Draw a graph showing the market structure you have stated in Part One. The graph should show the firm earning and economic profit. See the profit graphs in the textbook. The graph should be clearly label. If the graph is hand drawn then it must be done with a ruler. Include a paragraph which describes the graph. Bar graphs, circle graphs and the PPF are not appropriate graphs for this part.
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