Your text describes different types of competitive environments. Mattel operates in a monopolistic environment. There are many sellers (even though there are a few very large sellers such as Lego

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Your text describes different types of competitive environments. Mattel operates in a monopolistic environment. There are many sellers (even though there are a few very large sellers such as Lego, Hasbro and Mattel, they have combined revenues of approximatively $15 billion or 17% of the total global toy market) – and there are many buyers, and the products are differentiated). No one will confuse a Barbie doll with Lego. Provide an example of a company in a different industry and tell us whether the company operates in a perfect competitive environment, has a monopoly, is in a monopolistic environment or is in an oligopoly. You should define the type of environment first (what makes something an oligopoly?) then be sure to discuss how your choice fits that definition, including the number of buyers and sellers (not an exact number just a relative idea) as well as the product itself, for whichever company you select. Note you are describing a specific product, not an entire company, but you should discuss the company and if it has other products. As an example, Apple makes Iphones, and Airpods and Macs, but each of these competitive environments may differ. Focus on one product only. Do not use an example that is discussed in the textbook.
Your initial post should be at least 200 words.
Then read at least two classmate’s posts and state in a response to them whether you agree or disagree with their choice and why. Your responses to classmates should be at least 75 words each.

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