Reference no: EM132068135
The market structures influence how price and output decisions are made by the firms in their respective structure. In all market structures, one of the primary goals is to maximize profits or minimize losses.
One of the major differences between these market structures is how price and output decisions are made, which in turn depends on the characteristics of each market structure.
There are four market structures: Perfect competition Monopolistic competition Oligopoly Monopoly Tasks: Construct a table that describes the various characteristics of each market structure.
Identify a firm for each of these market structures and explain why each firm belongs in the market structure identified.
Using Microsoft Excel, construct a graph for each of the market structures and explain how price and output decisions are made in each structure and how they differ.
How is marginal analysis used in the price and output decisions of firms in the various market structures?
Deliverables: Prepare a 2-3 page Microsoft Word document that addresses the questions above and meets APA standards. Include a summary section in your report that contains 5-7 bullet points identifying your major findings or conclusions of your paper.
Submit the summary section as your initial post in the Discussion Area by the due date assigned. Include the full report as an attachment to your posting.
Reference: Mankiw, N. G. ( 2017) Principles of Economics 8th Edition, Cengage. ISBN: 9781305585126 chapters: Elasticity and its application Consumers, producers, and the efficiency of markets Application: The cost of taxation Application: International trade
|
Develop vision and mission statements for the organization
: Identify the firm's existing vision, mission, objectives, and strategies.Develop vision and mission statements for the organization.
|
|
Compute the variances for cherry and straw
: Calculate the variances and the standard deviations for Cherry and Straw. (Enter variance as a decimal and standard deviation as a percent.
|
|
Fnd the customers quarterly and half yearly amount
: ssume that the MQU bank charges an annual nominal rate of interestj1= 7.5% p.a. for these payment options.
|
|
What is the project average accounting return
: You're trying to determine whether to expand your business by building a new manufacturing plant. The plant has an installation cost of $11.7 million.
|
|
How is marginal analysis used in price and output decisions
: Identify a firm for each of these market structures and explain why each firm belongs in the market structure identified - How is marginal analysis used
|
|
What was the arithmetic average return on each stock
: The rate of return on Cherry Jalopies, Inc., stock over the last five years was 18 percent, 11 percent, -2 percent, 2 percent, and 15 percent.
|
|
What will be the adjusted total cash flow of machining tool
: You're evaluating the proposed acquisition of a new machining tool for $88,000 by your company. The tool falls into the MACRS three-year class.
|
|
Determine how much loss would the company recognize
: Randy's tireland makes a product that sells $62 per unit and has $46 per unit in variable costs. Annual fixed costs are $24,000.
|
|
How much are you willing to pay today to purchase stock
: Railway Cabooses just paid its annual dividend of $2.50 per share. The company has been reducing the dividends by 11.7 percent each year.
|