Question

What kind of marketplace does Groupon compete in? Monopoly? Oligopoly? Monopolistic Competition? or Perfect competition? Why?

Answer 1

It can be mentioned that Groupon is is operating under an oligopolistic industries because there are few firms in the market which actually provide the aggregation of coupons and benefits and rewards find the cost of entry is very high as the brand value get to determine the market share in the marketplace and the product is differentiated as well as there is a price leader in this segment.