Assignment: Identify the market type that most closely approximates your chosen industry, (Monopoly. Oligopoly, Monopolistic Competition, or Pure Competition). 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 becasue 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. What characteristics do you observe in the industry that support this identification? Provide evidence. What does the market type suggest about pricing and output strategy? About the need for advertising? About the presence of other firms in this market? Are there any other considerations that must be considered because of the market type?
Assignment:
Identify the market type that most closely approximates your chosen industry, (Monopoly. Oligopoly, Monopolistic Competition, or Pure Competition).
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 becasue 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.
What characteristics do you observe in the industry that support this identification? Provide evidence.
What does the market type suggest about pricing and output strategy? About the need for advertising? About the presence of other firms in this market? Are there any other considerations that must be considered because of the market type?
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