The first homework problem in homework #3 provides you with some brief information about whether or not Jayden wants to start a cupcake store. Chapters 8, 9, and 10 cover the four types of market structures: Perfect Competition, Monopoly, Monopolistic Competition, and Oligopoly.
1.) What type of market structure would she find herself in?
2.) What type of research should she do before she opens her cupcake bakery?
3.) What are some things that Jayden can do to diversify her product and make it different from the competition?
The requirements to receive your full 10 points are the same as last week.
1.) You must write a clear and comprehensive answer with no typos or grammatical errors.
2.) You must ask one of your colleagues a question, or answer a question that one of your colleagues asks of you. Agreeing or disagreeing does not count as asking or answering a question.
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