Find an article about an industry in the United States, such as the pharmaceutical industry. You can consult sources such as the Wall Street Journal, Financial Times, Bloomberg Markets, the Economist, US News and World Report, and other publications for your reference.
After reading the article, respond to the following:
- Identify the market structure that best characterizes the industry described in the article.
- Explain the factors you considered when identifying the market structure for this industry.
- Analyze whether this industry will work better if it changes its market strategy and starts showing characteristics of another market structure.
- Critically analyze the advantages and disadvantages of the market structures that you studied in the readings.