social media industry Assignments | Collage Homework Help
(1) The section of Market Structure should list the firms with market shares. I believe the market is an oligopoly because firms’ decision making affect each other. You don’t need to separate in different marketing segments.
(2) Do not forget to state the general shape of cost curves for firms in this industry.
You need to answer the following two questions precisely:
A.How can the structure of the industry best be characterized: perfect competition, monopolistic competition, oligopoly, or monopoly?Briefly go overthe market characteristics to confirm your definition here.
B.How many major firms (up to top four if applicable) are there in the industryand what aretheir market shares? A table showing the market shares is required here.
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