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1. Why are power companies regulated monopolies?

 

2. Why are even the largest law firms only a few thousand attorneys in number?

 

3. Why is Korea's automobile industry dependent on exporting in order to be competitive at home or abroad?

 

4. Why do we talk about "big oil" and not "mom & pop" oil, when talking about firms engaged in oil refining and distribution around the world?

 

5. Why do restaurants normally enjoy more pricing power than wheat farmers? What strategies might farmers follow to try to increase their pricing power?

 

These are questions that really require a deep understanding a market structures. There are reasons that cause firms to fall within certain structures and be certain sizes. You team will discuss your question, apply economic theory and prepare a short slide presentation answering your question. Be prepared to discuss your question and take question.