How do you differentiate your goods or services from

Assignment Help Microeconomics
Reference no: EM133526126

Question: In the United States, as in most countries, we value the benefits of a free and competitive market.

After evaluating the four types of market structures, we studied this unit, consider the following:

  • Explain how competition plays a role in each of the four types of market structure.
  • Who do you consider to be the greatest competition of your selected business? Are they brick-and-mortar or online sales?
  • If you consider your selected business to be a monopoly, explain why there is no competition.
  • How do you differentiate your goods or services from the competition?

 

Reference no: EM133526126

Questions Cloud

List two risks for benefits services : List two risks for Benefits Services being considered for outsourcing - considering outsourcing its customer service call centre management
What is humes problem of induction : What, exactly. is Hume's problem of induction as discussed in the course materials. and why can't the problem be solved by arguing that the laws of nature.
Draw consumers attention to different service lines : In recent years as hospitals have increased their advertising budgets to draw consumer's attention to different service lines that they offer as a focus.
Describe the relative service advantages and disadvantages : Describe the relative service advantages and disadvantages of pipeline transportation.
How do you differentiate your goods or services from : Explain how competition plays a role in each of the four types of market structure. Who do you consider to be the greatest competition of your selected business
Do you think that this basis is appropriate : Select a good or service that you have purchased recently. Try to retrace the relevant steps in the buyer decision process as you experienced it
In what ways have humans directly affected this balance : In what ways have humans directly or indirectly affected this balance? What measures would you be willing to take to correct human impacts on global food webs?
Do you think transparency and inclusive decision making : Do you think transparency and inclusive decision making is useful for a broad range of firms or is there something unique about the size and/or industry
What is compatibilism : Explain what compatibilism is about free will.? Say why you accept it, or reject it.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd