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Business Name:
Industry:
Market structure (4 market structure one company each):
Market Condition:
Price competition:
Conclusion (choose what market structure applicable to you):
Give 4 businesses and identify the industry they are in, market structure, market condition, price competition and conclusion.
Step by step
Solved in 3 steps
- A pharmaceutical asking for patent right for producing one important medicine, considering market structure, price setting objective and profit maximizing condition, should private company allow to produce necessary product like medicine? Use diagram.Our topic is Market Structure. Please help to explain if this business is likely to be more or less profitable than a large agricultural operation? ThanksRefer to the following table: Quantity (Bushels) (Q) Total Revenue Total Profit (TR - TC) Marginal Revenue (MR) Marginal Cost Cost (TR) (TC) (М) $0.00 $1.00 -$1.00 4.00 4.00 0.00 $4.00 $3.00 2 8.00 6.00 2.00 4.00 2.00 3 12.00 7.50 4.50 4.00 1.50 4 16.00 9.50 6.50 4.00 2.00 5 20.00 12.00 8.00 4.00 2.50 6 24.00 15.00 9.00 4.00 3.00 7 28.00 19.50 8.50 4.00 4.50 8 32.00 25.50 6.50 4.00 6.00 9 36.00 32.50 3.50 4.00 7.00 10 40.00 40.50 - 0.50 4.00 8.00 Suppose the price of wheat rises to $6.00 per bushel. Farmer Parker will maximize profits by producing bushels of wheat (enter a whole number). He will make a profit of $ (round your answer to the nearest penny).
- Topic: Market Structure 1.) Why Perfect Competition Usually Does Not Happen? 2.) Why is perfect competition is desirable ?PART C: MARKET ANALYSIS Pacesetter is a manufacturer of three-ring binders operating in a perfectly competitive industry. The Table below shows the firm's cost and revenue schedule Quantity (cases) Variable Cost Total Cost Marginal Cost Average Variable Cost Average Total Cost Total Revenue Profit (or Loss) 0 $0 $76 1 30 106 $40 2 50 3 134 4 140 5 160 6 114 7 150 8 190 9 316 PART C: MARKET ANALYSIS (i) Complete the Table above by filling in the blank cells. (ii) Based on the above Table, Pacesetter’s profit maximizing or loss minimizing level of output is __________; and the (profit is _________) or (loss is __________) (iii) Should the firm continue to…Many films in the United States file for bankruptcy every year, yet they still continue operating. Why would they do this instead of completely shutting down?
- describe the types of market structure that exist in the tourism industry of Cyprus. Only Typing AnswerName the market structure in which the firms sell products that are similar but not identicalEconomics Name Date Pd Market Structures SSEMI4 The student will explain the organization and role of business, and analyze the four types of market structures in the U.S. economy. c. Identify the basic characteristics of monopoly, oligopoly, monopolistic competition & pure competition --Use the notes on Verge to fill in the chart Price Setting Power (easy, difficult, (control over price none, a lot, etc.) Market # of firms in industry (many, few, etc.) Differentiated or Ease of Entry Use of Non Price Homogeneous Structure Competition (yes/no) Product/Service etc.) Еxamples Pure or Perfect Competition Monopolistic Competition Oligopoly Geographic- Monopoly Technological- Natural-
- Below are businesses and a series of questions. Please help me fill in the table. You will have to use the answers to the questions to figure out which market type each business fits into. Below are the potential answers to questions 3 through 9 on the table.: POTENTIAL ANSWERS 3. Size of Market Global, National, Regional, Local 4. Number of Buyers Many or Few 5. Number of Sellers Many, Few or One 6. Product Type Identical, Differentiated, Unique 7. Barriers to Entry High, Medium or Low 8. If high, why? Control Over Resources, Economies of Being Established, Economies of Scale, Legal Barriers (patents, licenses, ect.), Required Scale for Innovation, Economies of Platform 9. Market Type Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly Here's an Example Table Below: 1. Business Bank of America 2. Industry Banking 3. Size of Market National 4. Number of Buyers Many 5. Number of Sellers…Below are businesses and a series of questions. Please help me fill in the table. You will have to use the answers to the questions to figure out which market type each business fits into. Below are the potential answers to questions 3 through 9 on the table.: POTENTIAL ANSWERS 3. Size of Market Global, National, Regional, Local 4. Number of Buyers Many or Few 5. Number of Sellers Many, Few or One 6. Product Type Identical, Differentiated, Unique 7. Barriers to Entry High, Medium or Low 8. If high, why? Control Over Resources, Economies of Being Established, Economies of Scale, Legal Barriers (patents, licenses, ect.), Required Scale for Innovation, Economies of Platform 9. Market Type Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly Here's an Example Table Below: 1. Business Bank of America 2. Industry Banking 3. Size of Market National 4. Number of Buyers Many 5. Number of Sellers…Below are businesses and a series of questions. Please help me fill in the table. You will have to use the answers to the questions to figure out which market type each business fits into. Below are the potential answers to questions 3 through 9 on the table.: POTENTIAL ANSWERS 3. Size of Market Global, National, Regional, Local 4. Number of Buyers Many or Few 5. Number of Sellers Many, Few or One 6. Product Type Identical, Differentiated, Unique 7. Barriers to Entry High, Medium or Low 8. If high, why? Control Over Resources, Economies of Being Established, Economies of Scale, Legal Barriers (patents, licenses, ect.), Required Scale for Innovation, Economies of Platform 9. Market Type Perfect Competition, Monopolistic Competition, Oligopoly, Monopoly Here's an Example Table Below: 1. Business Bank of America 2. Industry Banking 3. Size of Market National 4. Number of Buyers Many 5. Number of Sellers…
