Identify the market type that most closely approximates your chosen industry, (Monopoly or Oligopoly). With the chosen market answer the following: What characteristics suggest that this is a monopoly or an oligopoly? Are there barriers to entry? If so, what are they? Would you be able to overcome them? How would you strategically enter the market given the existence of the other firms?The industry chosen is a free urgent care clinic in the area of Downtown Detroit. The reason for a free urgent care clinic in the downtown detroit because there are areas of homelessness and poverty and those people will be in need of care because most of them don't have the finaical need so why not a free urgent care clinc.

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Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter24: Monopolistic Competition, Oligopoly, And Game Theory

Section: Chapter Questions

Problem 9QP

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Identify the market type that most closely approximates your chosen industry, (Monopoly or Oligopoly). With the chosen market answer the following:

What characteristics suggest that this is a monopoly or an oligopoly? Are there barriers to entry? If so, what are they? Would you be able to overcome them? How would you strategically enter the market given the existence of the other firms?

The industry chosen is a free urgent care clinic in the area of Downtown Detroit. The reason for a free urgent care clinic in the downtown detroit because there are areas of homelessness and poverty and those people will be in need of care because most of them don't have the finaical need so why not a free urgent care clinc.

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