iscuss the market structure of the industry General Motors and Ford.  Is it monopolistically competitive or an oligopoly? Are the main products/services more commoditized, highly differentiated, or blockbuster?

Price Price @ (c) MA MC MR ATC Quantity MC ATC D Quantity Price Price (b) MR 6 MC D Quantity MC ATC ATC D Quantity छे 110

Firms like Papa John’s, Domino’s, and Pizza Hut sell pizza and other products that aredifferentiated in nature. While numerous pizza chains exist in most locations, thedifferentiated nature of these firms’ products permits them to charge prices abovemarginal cost. Given these observations, is the pizza industry most likely a monopoly,perfectly competitive, monopolistically competitive, or an oligopoly industry? Use thecausal view of structure, conduct, and performance to explain the role of differentiationin the market for pizza. Then apply the feedback critique to the role of differentiation inthe industry.

Discuss some products and markets that are good examples of Monopolistic Competition.  Like the market structure of perfect competition, monopolistic competition assumes inexpensive entry into the market and thus many small sellers. Like the market structure of monopoly, monopolistic competition assumes a downward sloping demand curve. This is because, unlike the identical products found in perfectly competitive markets, the products in monopolistically competitive markets are differentiated and not perfect substitutes for one another. Therefore each monopolistically competitive seller has some degree of brand loyalty and would not lose all of its customers if it slightly raised its price above that of its competition. While not facing perfectly elastic, or horizontal, demand, the monopolistically competitive firm still faces a more elastic demand than the monopolist, whose product has no substitutes.  Give two  examples of markets where there are many choices among products, yet we…

Barriers or barriers to entry into the industry are the characteristics of the oligopoly industry there are only a few companies in the industry. The hurdles are easier for entry into the industry allows companies to be in the competitive industry monopolistic. Explain the causes of barriers to entry into an industry!

Please answer fast please help 1.2.3

explain what is the difference between firms in monopolistic competition and firms in oligopoly. What does this difference mean for prices and quantities and for economic profit?

Explain the difference in market power between perfectly competitive firms and monopolistically competitive firms. Which firms have more control over prices and/or output? Why? What are some industry examples of each type of market structure?

A study shows that the 4 largest firms in the auto industry in the US produce 70% or more of the cars in the US.  This means the auto industry is classified as:   A. Oligopoly   B. Perfectly competitive   C. Monopoly   D. Monopolistic Competitive

Compare the characteristics of monopolistic competition (MC) and oligopoly (O) based on the following: Questions: 1. Barriers to entry. 2. Profit in the long-run. 3. Shape of demand curve. 4. The relationship between P and MR (P is equal, below, or above MR). 5. The ATC point at profit maximising output (minimum ATC or not minimum ATC). Clearly label each of your answers in the text box below.