Explain how high entry barriers into market influence

Reference no: EM13390578

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:

1. 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.

2. 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.

3. Describe how high entry barriers into a market will influence long-run profitability of the firms.

4. Explain the competitive pressures that are present in markets with high barriers to entry.

5. Explain the price elasticity of demand in each market structure and its effect on pricing of its products in each market.

6. Describe how the role of the government affects each market structure's ability to price its products.

7. Discuss the effect of international trade on each market structure.

Reference no: EM13390578

Questions Cloud

Explain how the degree of involvement impacts the purchase : in this module we are studying consumer behavior. an organization cannot persuade a customer to purchase a product or

Using the as-ad and is-lm models describe short run and : suppose that the economy is currently at the full employment position. using the as-ad and is-lm models explain the

What is integrated marketing communications and did the : select an advertising campaign you enjoyed and analyze it. provide links for your classmates so they can view the

What are the factors which influence the quality of : according to conflict theorists the persistence of social class inequality can be linked to the educational

Explain how high entry barriers into market influence : you have been hired as a consultant by your local mayor to look at the various market structures. your role is to

Write dwon a paper which describes the main aspects of the : write a paper that describes the main aspects of the regulatory environment which will protect the public from fraud

How would this new private-sector department deal with a : in this assignment you will compose a written mock memo. 8 to 10 pages in length apa format original work not

Recognize at least 2 pieces of legislation specifically : you work for a large technology firm. recently the human resources department has provided notice that a vacancy has

Examine the determinants of price elasticity of demand and : analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic

User Account

All Pages