Telecommunication in Singapore, what is the number of firms competing in the industry, the relative size of firms (market share) and identify the Market Structure of Telecommunication in Singapore. Collect the most recent information and present your discussion with the support of diagrams: a. pricing, b. advertising and profitability information of firms, c. compare and contrast how the Market Structure affects the Conduct and Performance of each firm in your chosen industry.
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Business Economy
Q1. Telecommunication in Singapore, what is the number of firms competing in the industry, the relative size of firms (market share) and identify the Market Structure of Telecommunication in Singapore.
Collect the most recent information and present your discussion with the support of diagrams:
a. pricing, b. advertising and profitability information of firms, c. compare and contrast how the Market Structure affects the Conduct and Performance of each firm in your chosen industry.
Step by step
Solved in 4 steps with 2 images
- Q3 solution needed company: Amazon 1) Choose one product and identify its market structure among a perfectly competitive, monopoly, monopolistically competitive, and oligopoly and explain why. Product: Perfectly competitive: Monopoly: Monopolistically competitive: Oligopoly: 2) Choose one company for your product and describe its history and at least three unique characteristics of that company. The company for my product that I have chosen is ________. _____’s notable historical moments include ________. Three unique characteristics of _______ include _______. 3) Show and describe historical data on its quantities produced (sales), its price, and its revenue at least 10 years.Español The pie chart below shows the percentage of total revenue that a publisher receives from various types of publications. Use this chart to answer the questions below. (a) Which category accounts for approximately one-fifth of the publisher's total revenue? Select One (b) Approximately what percentage of the total revenue comes from Magazines and Paperbacks combined? Textbooks Cookbooks Write your answer as a multiple of 10% - that is, 10%, 20%, 30%, Nonfiction Рoetry Magazines (c) If the revenue from Cookbooks is 20% of the total revenue, approximately what percentage of the total revenue comes from Poetry? Paperbacks 10% 20% 40% 50%nd QUESTION 1 ication Match each of the terms to their description: esources Market Structure A. many firms sell identical products B. many firms sell similar, but not identical, products C. one firm sells a unique product D. a small number of firms control a market Perfect Competition Monopoly Monopolistic Competition the specific industry conditions that define the type of E. model Oligopoly
- What does a non-profit company need for a social media manage that is different that for a regular for-profit company? (Select all that apply.) Group of answer choices 1.A large social media budget 2.None of these 3.A smaller social media presence 4.A social media generalistQuestion: Widget is a commodity that is traded in a perfectly competitive global market that consists of many small price-taking firms. The firms fall in three categories with the following characteristics: Number of firms Capacity of firm's plant (units AVC (S per Fixed cost per unit at full per year) Capital charge per unit at full capacity ($/unit) unit) capacity ($/unit) Type 25 100 units 30 15 10 1 Туре 50 50 units 40 20 10 Type 100 40 units 45 25 10 3 Assume that each firm's AVC is constant up to the capacity of its plant. Further, assume that once built, a firm's plant has zero redeployment value. Finally, assume that a typical entrant has a cost structure identical to the Type 1 firms and that there are many potential entrants. • The demand for widgets is Q = 8000 - 20P, where P is $ per unit and Q is measured in units per year. (Remember: use only whole numbers, and do not use any other characters or spaces.) a. The short-run equilibrium price in the world widgets market is:…Monopolistic Competition a. Graphically represent a monopolistically competitive firm, using the curves that would provide information such as the profit maximizing price and quantity as well as the cost at the profit maximizing quantity. b. Show the profit maximizing price and quantity for this firm at a price of $185 and a quantity of 7500. c. Show this firm earning a profit of $45000. Make sure to solve for the numerical value for the average total cost (ATC) at the quantity of 7500. d. As this is a short run scenario, state what will happen to the product price and average costs for this firm as it transitions from the short-run to the long-run.
- The table shows the total revenue of the 50 firms in the candy and confectionery industry. Total revenue Firm What additional information would you need about the candy and confectionery industry to be sure that it is an example of monopolistic competition? (dollars) Sugar Mountain Sugar + Spice Simply Candy Fudge Factory Next 10 firms (each) Next 16 firms (each) Next 20 firms (each) 1,450 1,300 To be sure that the candy and confectionery industry is an example of monopolistic competition, we would need additional information about 800 650 200 O A. the market demand curve 150 O B. the price elasticity of supply 125 OC. the type of technology used in production O D. product differentiation, barriers to entry, advertising, and competition on price, quality, and features Industry 11,100 O E. the average total cost of each firmII. Problem 1. Tennis Products, Inc., produces three models of high-quality tennis rackets. The following table contains recent information on the sales, costs, and profitability of the three models: Average Quantity Sold (Units/Month) 15,000 5,000 10,000 Variable, Cost per Contribution Current Price Total Margin Per Unit Contribution Model Revenue Unit Margin* $225,000 85,000 250,000 $560,000 A $30 $450,000 175,000 450,000 $1,075,000 $15 $15 B 35 18 17 C 45 20 25 Total * Contribution to fixed costs and profits. The company is considering lowering the price of Model A to $27 in an effort to inçrease the number of units sold. Based on the results of price changes that have been instituted in the past, Tennis Products' chief economist estimates the arc price elasticity of demand to be -2.5. Furthermore, she estimates the arc cross elasticity of demand between Model A and Model B to be approximately 0.5 and between Model A and Model C to be approximately 0.2. Variable costs per unit are…Ford's Chevrolet's Ford’s Chevrolet’s Selling Selling Profits Profits Price Price (millions) (millions) $ 4,000 $ 4,000 $ 8 $ 8 4,000 8,000 12 6 4,000 12,000 14 2 8,000 4,000 6 12 8,000 8,000 10 10 8,000 12,000 12…
- Suppose there are only two automobile companies, Ford and Chevrolet. Ford believes that Chevrolet will match any price it sets, but Chevrolet too is interested in maximizing profit. Use the following price and profit data to answer the following questions. Ford's Chevrolet's Ford’s Chevrolet’s Selling Selling Profits Profits Price Price (millions) (millions) $ 4,000 $ 4,000 $ 8 $ 8 4,000 8,000 12 6 4,000 12,000 14 2 8,000 4,000…212592/variants/1301916/take/7/ Question 15 Listen Which of the following describes a unique value proposition of an ice cream business? A Scoopy's will offer the only fluffy waffle cone in Dallas. B C D Scoopy's will be located in the downtown area of Dallas. Scoopy's will offer five different flavors of ice cream. Scoopy's will offer a 50 percent discount when buying two cones. 13 of 18 Total Questions Answered * £ ✰ ✰ All Changes Saved V ( □ *** ANN Continue 10/Perfect Competition and the Internet It has been argued in recent years that the explosive growth of retailing on the Internet has made this form of retailing resemble an almost perfectly competitive market. Consumers appear to have perfect information about both prices and products at their fingertips by merely logging onto the net in search of the best deals. In a perfectly competitive market products are identical, there are a large number of buyers and sellers, there are no search costs, customers are perfectly informed, there is free entry into and exit out of the industry, and profit margins would be ‘normal’ in the long run.The Internet does seem to have some of these attributes of a perfect market. For example, studies have shown that online retailers tend to be cheaper than conventional retailers and that they adjust prices more finely and more often. The Internet has also led to the growth of people who use ‘shopbots’, that is computer programs that search rapidly over many…