Which of the market structures (perfect competition, monopolistic competition, oligopoly, or monopoly) is best suited for northeastern USA? Why? Support your answer with the pros and cons of your argument.
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Which of the market structures (
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- How many real industries can you name that are oligopolies? How many operate under monopolistic competition? Perfect competition? Which of these is most difficult to find in reality? Why do you think this is so?What are examples of a monopolistically competitive firm, oligopoly, and monopoly in your local area? In your example, please relate to the market characteristics of each of the market structures?With the aid of a diagram explain how a monopolist determines how much output to produce and what price to charge. Explain how the perfectly competitive firm decides whether to operate or shut down in the short run. Explain why firms operating in monopolistically competitive markets probably will not earn an economic profit in the long run. Why does interdependence of firms play a major role in oligopoly but not in perfect competition or monopolistic competition?
- Which of the following is not part of an oligopolist's business strategy? A. meeting worker health and safety standards required of all firms B. deciding the level of total output of a new product C. determining the amount of advertising a new product needs D. setting the product's price after considering what rivals will doIn which type of competition (pure, monopolistic, oligopoly or monopoly) would each of the following businesses be likely to engage? Why? Explain your answers. Turkish airlines Small CrossFit gym A large farm whose major crop is wheat Apple Corporation Your local StarbucksDoes a monopolist have a supply curve? Explain your answer. What are the different types of price discrimination? Differentiate between an oligopoly and a monopolistic competition (i.e. number of firms and the degree of product differentiation). How are skilled and unskilled workers in an economy likely to be affected if the firms adopt skill-biased technologies?
- In market structures, what are the roles of perfect competition, monopolistic competition, oligopoly, and monopoly?Why do oligopolies exist? List five or six oligopolists whose products you own or regularly purchase. What distinguishes oligopoly from monopolistic competition? which relate to measures ofHow to maximize profits In: 1- competitive market: 2-monopoly : 3-monopolistic competition : 4-oligopoly:
- What is the best example of an oligopolistic market? Question 4 options: Government monopoly on postal services. Foreign exchange market. Restaurant business with thousands of competing companies. Fourteen biggest car manufacturers.just real life example of monopolistic competition based on small business.You are planning on starting a fast food restaurant to compete with Chick-fil-a, Zaxby's, Popeyes, and Bojangles. You want to be more upscale and your chicken will have a crispier skin. Which market structure are you entering into? A. Monopoly B. Oligopoly C. Monopolistic Competition D. Perfect Competition
