How high barriers to entry into the industry may influence

Reference no: EM132854942

Question 1: Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order.

Question 2: Identify your company's market structure (i.e., perfect competition, monopolistic competition, oligopoly, and monopoly), explaining your reasoning.

Question 3: Examine whether competitive pressures are present in your company's industry with high barriers to entry.

Question 4: Evaluate how high barriers to entry into the industry may influence your company's long-run profitability.

Question 5: Explain the price elasticity of demand in your company's market structure and its effect on your company's pricing decision.

Question 6: Investigate whether government regulations encourage or discourage your business relative to its industry.

Question 7: Analyze how the role of the government may affect your market structure's ability to price its products.

Reference no: EM132854942

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