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Bose® Corporation is one company, along with Sony, Klipsch, Onkyo, and Harmon Industries that creates such solutions in the home entertainment industry. The market structure that they are classified under is a monopolistic competitive market. This paper will provide the background on Bose Corporation and demonstrate that it is participating in a monopolistic competitive market.
Bose Corporation was founded in 1964 Dr. Amar G. Bose, professor of electrical engineering at the Massachusetts Institute of Technology. The interesting story was that it was started by accident. Dr. Bose wanted to award himself a set of speakers for graduating at M...
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