Describe each market structure discussed in the course

Assignment Help Business Economics

Reference no: EM13243854

You have been hired as a consultant by your local mayor to look at the various market structures. Your role is to provide analysis and answers to these important questions that will help the mayor understand the structures of many of the businesses in his city

Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure.
Identify one real-life example of a market structure in your local city and relate your example to each of the characteristics of the market.
Describe how high entry barriers into a market will influence long-run profitability of the firms.
Explain the competitive pressures that are present in markets with high barriers to entry.
Explain the price elasticity of demand in each market structure and its effect on pricing of its products in each market.
Describe how the role of the government affects each market structure's ability to price its products.
Discuss the effect of international trade on each market structure.

Reference no: EM13243854

Questions Cloud

How it relates to the particular characteristics : Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run

Explain why the developer cant raise that sum : You are the city engineer and are negotioating with a land developer. The developer wants water service to a new development and you report that service can be completed this year by city crews at a cost of $200,000

Correlation between ceo salary and the stock price : positive correlation between CEO salary and the Stock Price, and therefore, for the good sake of the company's stock value, his salary should be increased. Do you agree with his argument? Explain why or why not.

What is the entropy change during the free expansion : what is the entropy change during the free expansion of 1.70 moles of an ideal gas from an intial volume of 1.60 liters into an evacuated volume of 1.90 additional liters

Describe each market structure discussed in the course : Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure.

Describe lewis acid : WHich of the following will act as a lewis acid? (please explain why as I need to understand the concept)

How many bright fringes can be seen on the screen : The fringes observed in a double-slit interference experiment when the two slits are illuminated by white light show dispersion of both light and color, how many bright fringes can be seen on the screen

The necessary change in taxes and government spending : In an effort to move the economy out of a recession, the federal government would engage in expansionary economic policies. Describe the actions the government would take in conducting expansionary fiscal policy and expansionary monetary policy.

Explain structure determines properties : Explain in your own words why an organic chemist would say structure determines properties.

User Account

All Pages