Oakton Community College Economics Discussion

Question Description

I’m working on a economics discussion question and need an explanation and answer to help me learn.

Question- What is one example of a perfect competition and one example of a monopolistic competition business? How did COVID-19 effect these businesses in similar ways and in different ways for the better or worse? Do you think that all perfect competition businesses were effected the same overall? What about all monopolistic competition businesses, were they effected the same overall? You may also choose to use outside resources to reinforce your ideas, but please make sure you cite any outside information.

Explanation & Answer:
200 words




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