Reference no: EM131020652 , Length: word count:3000
Research Essay
Please note that this question requires substantial research (see the assessment criteria below).
(a) Explain oligopoly and perfect competition market structures, and identify the key factors that distinguish them.
(b) Choose an industry from your home country representing oligopoly, and using real data from your case study identify its key characteristics in relation to the factors used to differentiate between the market structures.
(c) Briefly explain how oligopoly can be evaluated. Using real data from your case study, apply appropriate evaluation model to your case study and compare the market outcomes under oligopoly with the market outcomes under perfect competition model.
Assessment criteria
- Besides the textbook, you should also refer to a few other academic books, journal articles and relevant websites in answering these questions.
- Sources must be acknowledged and a list of references provided.
- Concepts must be defined accurately and completely.
- The assumptions upon which the analysis is based must be stated at the onset.
- Diagrams must be drawn properly, correctly labelled and the relations they depict explained.
- Photocopied and scanned graphs from books, articles or websites are not acceptable. It is preferable to hand-draw a graph then scan it to insert in your file.
- Answers must be complete, addressing the specific tasks nominated in the questions.
- Remember an extension is not a gift, it is a burden.
Length 3,000 words
|
What are bond equivalent and discount yields on investment
: The treasurer of a large corporation wants to invest $33 million in excess short-term cash in a particular money market investment. The prospectus quotes the instrument at a true yield of 4.21 percent; what are the bond equivalent and discount yields..
|
|
What is the equilibrium price and quantity of electricity
: Prior to the imposition of the proposed excise tax what is the equilibrium price and quantity of electricity in this market? Show your work and make sure you include the units of measurement for both of your answers here
|
|
What is the incremental operating profit the firm
: Bangers, In. is a start up manufacturer of Australian style frozen veggies pies located in San Antonio. The company 5 yrs old and recently installed the manufacturing capacity to quadruple its unit sales. what is the incremental operating profit the ..
|
|
Which of the joint products should be processed further
: To maximize firm value, which of the joint products should be processed further and which should be sold without further processing?
|
|
Explain oligopoly and perfect competition market structures
: Explain oligopoly and perfect competition market structures, and identify the key factors that distinguish them.
|
|
What advantages and disadvantages are there in using snoopy
: In an opinion survey, Snoopy was found to be the most appealing celebrity endorser. The beagle from the popular Peanuts comic strip appeared in commercials for the insurance company MetLife. What advantages and disadvantages are there in using Sno..
|
|
How is switzerland renouncing network externalities
: Adapters for that type of plug are not typically included in adapter sets, so he and his wife weren't able to plug their computers into their hotel's outlets. Hamermesh wondered: "Why does Switzerland renounce the network externalities that would ..
|
|
Tax bracket is trying to decide which of the two bonds
: An investor in the 28 percent tax bracket is trying to decide which of the two bonds to purchase. One is corporate bond carrying an 8 percent coupon and selling at par. The other is a municipal bond with a 5 ½ percent coupon and it, too, sells at par..
|
|
What do jensen and miller mean by giffen behavior
: In studying the consumption of very poor families in China, Robert Jensen and Nolan Miller found that in both Hunan and Gansu "Giffen behavior is most likely to be found among a range of households that are poor (but not too poor or too rich)." Wh..
|