The second part of this challenge involves research that will allow
you to answer MOST of the following questions about your chosen market:
-Which market structure model(s) describe(s) competition in this market? Why?
-What are some of the names of the firms competing in this market?
-What are the market shares of these firms? What is the 4-firm concentration ratio? Speculate on this number if you cannot find it in the course of your research.
-What kinds of non-price competition are taking place?
-Is the industry (market) expanding/profitable or is it contracting -with firms often taking losses?
-Is the industry experiencing consolidation or is it producing a greater number of competitors over time?
-What are the barriers to entry in this market? 'Anything else restricting competition?
-Is there significant competition coming from outside your identified market? Describe it!
-Is there any evidence of creative destruction on the horizon as technology advances?
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