Please answer each of the questions completely .
Which of the following groups of firms operates in a monopolistic competitive industry and which operates in an oligopoly?
Group 1: the accommodations industry Hilton, Marriott-Bonvoy; Intercontinental Hotel Group.
Group 2: the wireless telecommunications industry Verizon, AT & T, T-Mobile et al.
You are an investor. Now that you have identified the market structure for each group, select one of the groups of firms as your investment target. Describe what kinds of challenges firms in this group face using a Porter’s Five Forces analysis. If you want to dig deeper into a firm as you think about your investment decision, you might want to look at the firm’s investor page.
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