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Analyze how the role of the government may affect market

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Reference no: EM132593311

  • Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order.
  • Identify your company's market structure (i.e., perfect competition, monopolistic competition, oligopoly, and monopoly), explaining your reasoning.
  • Examine whether competitive pressures are present in your company's industry with high barriers to entry.
  • Evaluate how high barriers to entry into the industry may influence your company's long-run profitability.
  • Explain the price elasticity of demand in your company's market structure and its effect on your company's pricing decision.
  • Investigate whether government regulations encourage or discourage your business relative to its industry.
  • Analyze how the role of the government may affect your market structure's ability to price its products.

Reference no: EM132593311

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