Explain the different types of market structures

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Reference no: EM133186598

Midterm - Choose one of the three following companies

A. ONE of the 3 following companies:

1. Inditex

2. Samsung

3. Tesla

Use the model of supply and demand and provide a textual and diagrammatic explanation, to explain the prices and quantity of the goods that your company provides to the market. Identify the main factors that affect this market and how they influence the supply and demand for your company's products - support your answer by providing supply and demand diagrams.

Explain the elasticity of supply and demand of the good

B. Briefly answer the theoretical questions below based on the content:

a. Explain the different types of market structures using both graphs and verbal explanation. Provide a specific example of each market.

b. Use Porter's Five Forces to show how competitive your company's market is and which market structure appropriately describes it.

c. Consider the supply chain of your company and analyse what externalities are caused by its production. Suggest how the company could compensate for or reduce these externalities.

Reference no: EM133186598

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