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You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure's competitive strategies. Select an industry. Identify an organization in that industry. You may use the company you used for the Week 3 Learning Team assignment or you may select a new organization. Your selected organization must be submitted for instructor approval. Identify the market structure in which organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the other alternatives. How might the company you selected find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or monopolistic market structure. Examine the different sectors with an industry and how market structure may vary within those sectors. Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the efficacy of these strategies in the market structure you identified.
imagine that you have a fixed 30-year interest rate for your mortgage and the economy has experienced unanticipated
Perform a Google search to find what externalities these proponents claim. Do you believe that these externalities claimed are truly externalities and justify government subsidies of home ownership.
Compare and contrast the free market systems with planned economies. Determine the benefits and drawbacks of each. Analyze the different ways to evaluate economic performance and determine which provides the best assessment of the economy.
Analyze the effects of a change in money supply in an open economy under a flexible exchange value system. How are your conclusion affected by the adoption of a fixed exchange rate?
1.Suppose in the short run a perfectly competitive firm has variable cost = 6q2, and MC = 12q where q is the quantity of output produced. Also, the firm has fixed cost F = 6144.
firms often face the problem of allocating an input in fixed supply among different products. find the optimal crude
the factors that cause shifts in supply and the importance of demand are examined.what is the law of supply and what
suppose there are two firms a and b in the market and the market demeaned is p50-q where p is the price per unit and q
How do costs play into your everyday life? For example, why might it be cheaper to drive on a toll-road vs. a free-access interstate? Also, can you identify situations where you may fall victim to the sunk cost fallacy (we all do)?
A local cable company, the sole provider of cable television service, is regulated by the municipal government. The owner of the company claims that she is normally opposed to regulation by government, but asserts that regulation is necessary beca..
a. do you think that nearshoring or outsourcing will continue for u.s. companies?b. identify a legal job that you
The list price of an orange dial Luminox watch is $650. Katz Jewelers receives a trade discount of 30%. Find the trade discount amount and the net price.
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