Please respond to the following ECO 550 Discussion Week 4 Managerial Economics

Please respond to the following ECO 550 Discussion Week 4 Managerial Economics.

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ECO 550 Discussion Week 4 Managerial Economics Market Structure and Porter’s Five Forces

The Constant Fight for Profitability: Market Structure and Porter’s Five Forces

What is market structure and what is Porter’s Five Forces? Here is some help. https://cdnapisec.kaltura.com/index.php/extwidget/preview/partner_id/956951/uiconf_id/38285871/entry_id/0_omjj8t4r/embed/dynamic

Select a monopolistic competitive firm and an oligopoly firm. Then apply Porter’s five forces and compare:

1) What are the challenges to profits faced by each firm?

2) Which firm is likely to have a much higher rate of return?

3) What challenges to profits arise due to supply chain and intermediary consumers such as processors and distributors?

Please respond to the following ECO 550 Discussion Week 4 Managerial Economics