Define the four market structures

Reference no: EM13799587

You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure's competitive strategies.

Select an industry that interests you. Identify an organization within the industry.

Define the four market structures.

Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon.

Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run.

Evaluate the efficacy of these strategies in the market structure you identified.

Make recommendations related to the strategies the organization might consider to maximize its profits.

Reference no: EM13799587

Questions Cloud

Explain the law of diminishing returns : Explain the law of diminishing returns in your own words - One should be related to consumption and the other should focus on production.

Find the contribution margin per haircut : Find the contribution margin per haircut. Assume that the barbers' compensation is a fixed cost - Determine the annual break-even point, in number of haircuts

Why did the great depression last so long : Which were the main causes of the Great Depression - why did the Great Depression last so long?

Was the velocity of the cart constant : Was the velocity of the cart constant? If so, what was its value and over how big a region was it constant? Explain how you can tell

Define the four market structures : Define the four market structures - Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon.

Culture, health and medicine related issues : What role does medicine play in your family and for you as an individual?

Identify what techniques you can implement to improve : Identify what techniques you can implement to improve the likelihood that your communications will be received and understood as you intended.

Explain why a profit-maximizing firm invests : Explain why a profit-maximizing firm invests up to the point where the marginal rate of return on capital is the greatest and why would producers be opposed to economic regulation in their industry. Give specifics details.

Examine your personal level of intercultural communication : examine your personal level of intercultural communication competence. Is it important for you to achieve a certain level of intercultural communication competence?

User Account

All Pages