Question: The discussion answer(s) must be a minimum of 125 words of substance with any references cited in APA format. No copying and pasting of work previously done for someone else.

Identify a firm which operates in monopolistic competitive environment and a firm which operates in an oligopoly environment. Explain how you concluded the firm was monopolistic competitive or an oligopoly.

Michael Porter's Five Forces

• low buyer power

• low supplier power

• low threat of entry (high barriers to entry)

• low threat from substitutes

• low levels of rivalry between existing firms

Apply Porter's five forces to explain:

1) What are the challenges to profits faced by each firm?

2) Which firm is likely to have a much higher rate of return?

3) What challenges to profits arise due to supply chain and intermediary consumers such as processor and distributors?

Be sure to cite all sources used.