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A number of legal firms now offer services on the Internet.

1. In what respects does the market for legal services, such as those provided online by Nolo.com, have the characteristics of a monopolistically competitive industry?

2. How can providers of legal services differentiate their products? How does Nolo.com attempt to do this?

3. Search the web for at least three additional online legal firms and compare the services these firms offer (a quick bullet list will suffice for each). Based on you research, is it reasonable to classify the market for online legal services as monopolistically competitive?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9748792

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