ECO 205 Week 3 DQ 1 and DQ 2
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Discussion Question 1 Due Date: Day 2 (Main forum)
Post your response to the following: There are four different types of business organizations: monopolies, oligopolies, monopolistic competition, and competitive firms. Describe each type of firm and give an example of each. How would you classify the electric power industry in your area? Explain your reasoning. 4. Discussion Question 2 Due Date: Day 4 (Main forum)
Post your response to the following: Identify similarities and differences between common goods, public goods, private goods, and natural monopolies. Provide an example of each type of good and justify your answers. Discuss possible positive or negative externalities associated with each example. How do the externalities affect the economy?
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