Explain how the role of government affects each market

Reference no: EM13387810

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: EM13387810

Questions Cloud

Explain the business environment in city or town that you : describe the business environment in the city or town that you live in. you should explain what the current economic

Why marginal analysis is used when making business : write a 1050- to 1400 word paper that discusses basic concepts in applied economics in the context of the simulation.

Firm a has 10000 in assets entirely financed with equity : 1. firm a has 10000 in assets entirely financed with equity. firm b also has 10000 in assets but these assets are

Assume the market price of a 5-year bond for margaret inc : assume the market price of a 5-year bond for margaret inc. is 900 and it has a par value of 1000. the bond has an

Explain how the role of government affects each market : you have been hired as a consultant by your local mayor to look at the various market structures. your role is to

Guided response review several of your classmatesrsquo : in the video segment you will watch an interview with two great investors of the twentieth century.nbsp imagine you

What is the difference between a current liability for an : what is the difference between a current liability for an uncertain amount and a contingent liability? give an example

Compute the bonds expected rate of returndetermine the : you own a 20-year 1000 par value bond paying 7 interest annually the market price of the bond is 875 and your required

Determine the importance of the igce determine the reasons : 1. evaluate the importance of the igce.2. examine the reasons for confidentiality of the igce. propose two 2 actions

User Account

All Pages