Market power from monopoly-company demand estimation

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Reference no: EM133186329

Chapter 6 - Market Power from Monopoly

In chapter 6 we talked about the concept of market power. Company who dominant market share of industry has power to decide market price. Let us apply this concept into our personal career life.

1. How do you gain your career power in order to let you have power to decide your salary?

Chapter 7 - Company's Demand Estimation

In chapter 7 we learned the concept of demand estimation and why demand estimation is important for company to maintain marketing balance. Let us apply this concept on a personal level. For example, you can apply this concept to your future career search.

2. If you were a product in job search market, how do you estimate the product's future demand?

Reference no: EM133186329

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