Describe one oligopoly from which you buy a good or service

Assignment Help Microeconomics
Reference no: EM131710206

Assignment: Owning the Market

In the lesson on oligopolies and monopolistic competition (The Whole Spectrum of the Market), Sal from Khan Academy creates a two-dimensional grid of the market types based on the number of competitors and the degree of product differentiation.

1. Identify one monopoly from which you buy a good or service.

2. Identify one oligopoly from which you buy a good or service.

3. Identify one monopolistic competitor that you buy a good or service from.

4. Share one effect you think these types of firms have on the quality of goods or services that you purchase. Is the quality affected positively or negatively? Provide a rationale for your answer.

Reference no: EM131710206

Questions Cloud

Compute the cost of equity : Compute the cost of equity, the cost of debt and the WACC.
Derive the competitive equilibrium outcome : Assume a market for fertilizers, and let D denote the demand of fertilizers while S their supply. Derive the competitive equilibrium outcome
Find average number of barrels that can be pumped daily : An article in Forbes discusses the problem of oil and gas reserves around the world. Forecasting the amount of oil available is difficult.
Organization improve its operational processes : 1. Identify at least two (2) financial theories that can help an organization improve its operational processes.
Describe one oligopoly from which you buy a good or service : Describe one oligopoly from which you buy a good or service. Identify one monopolistic competitor that you buy a good or service from.
Obtain posterior distribution for proportion of full flights : A sample of 20 flights shows that 17 of these flights are full. Update the probability distribution to obtain a posterior distribution for the proportion.
Irrational expectation or over-borrowing : 1) Which factor, irrational expectation or over-borrowing, matters more for a financial crisis? Why?
What will its value be seven years from now : If the house is expected to appreciate in value 8% each year, what will its value be seven years from now?
Why is the brand behind its competitors : Why is the brand behind its competitors? Provide evidence, both financial and behavioral. Evidence may include consumer attitude toward the brand.

Reviews

Write a Review

Microeconomics Questions & Answers

  Describe the sources of renewable resource

Describe the sources of this renewable resource - Explain how this renewable resource is harnessed for energy.

  What effect would this have on the rfr and the r m

What effect would this have on the RFR and the R M

  Identify and discuss at least two economic phenomena

Identify and discuss at least two economic phenomena for which the linear-in-parameters/linear-in-variables regression model may not be appropriate

  How concerned must company be about impact of recession on

the maker of a leading brand of low-calorie microwavable food estimated the following demand equation for its product

  What determines the quality of the article is its source

Part of what determines the quality of the article is its source. The following are suggested: Ad Week, Advertising Age, Bloomberg Business Week, Crain's regional publications, Entrepreneur, Forbes, Fortune, Harvard Business Review, Inc.

  What are the ethical and practical considerations

Imagine that your city is planning to build a waste recyclingplant in your neighborhood. What are the ethical and practicalconsiderations for making this decision How would your concern forthe environment affect your view on this action

  Decrease in the value added tax on restaurants

The French government decreased VAT (value added tax) on restaurants in November 2008 from 19.6 percent to 5.5 percent. However, an estimate shows that consumer prices have only decreased by 1.9 per cent.

  Does ownership of ring depend on who breaks engagement on

often when a couple decides to marry one party gives the other an engagement ring. if the engagement is called off

  Formulation of demand curve

A company wants to prepare the demand curve for its product that it is selling. How would it get the information to prepare the schedule? How could a company prepare the demand curve for the new product that has not been seen by the public?

  Is nordstrom bank a competitive advantage for nordstrom

Is Nordstrom Bank a Competitive Advantage for Nordstrom? If yes, how is it being achieved: via quality, efficiency, innovation, or customer responsiveness?

  The u.s. has limits on chinese textile imports

The largest source of household income in the U.S. is obtained from - The market where business sell goods and services to households and the government is called Real gross domestic product is best defined

  Develop your capacity for independent study in economics

EMA DD309 project. The project element of the module aims to develop your capacity for independent study in economics, including the ability to: formulate and focus on a clearly defined economics research question that is well-grounded in the study..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd