M4 Discussion Topic
Listed below are possible discussion topics for this module, but if you have personal experiences or examples that relate to the topics presented in the assigned readings, please feel free to add those to this discussion as well. In developing your thoughts and opinions here, please look to incorporate citations and statistics both from the textbook and other outside sources. Lastly, let’s always remember to keep these discussions civilized and respectful, even when we disagree on certain topics.
1.Time for an honest moment here, stop and think about how much advertising influences your consumption decisions. When is the last time you can remember choosing one product over another because of advertising?
2.What role does advertising play in influencing consumption in monopolistic competition? Does the impact of advertising allow for some price leverage by firms in this market structure? Why or why not?
3.Is the United States truly an economy that promotes competition? Think about the markets where major oligopolies exist, for instance soft drinks/fast foods and automobile manufacturing, is there really a free market place or do oligopolies/major corporations dominate our economy?
4.Why is the government so quick to regulate monopolies and potential monopolies? What are the major concerns that arise from this market structure?
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