Unit 8 Group DB: Types of Competition(ECO202)

Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive and explain your answers.

1. Wooden no. 2 pencils
2. Copper
3. Local electricity service
4. Peanut butter
5. lipstick

Unit 8 DB: Applying Knowledge (SOC101)

Moving forward, how will you apply what you have learned in this course? Are there things you can apply to your personal life? Professional life? Future courses? What topics were most interesting to you?

Note: You only need to make your initial post and one response during the week. The Wednesday deadline and 3-day minimum do not apply. This discussion does NOT require in-text citations. All postings in this forum are due by 11:59 pm EST on Friday.