Reference no: EM132210267
Question: Microeconomic Analysis of an Individual Firm or an Industry
Determine the market structure of a firm or an industry of your choice using the following criteria:
1. Briefly describe the industry or the firm producing the chosen product
2. Number of firms (Not necessarily the actual number of firms - determine if there are many firms, one dominating firm or a few dominating firms in the industry)
3. Product - standardized (homogeneous) or differentiated
4. Barriers to entry
5. Competitors and the market shares of the firms in the industry
6. Market power - ability to determine the price
7. Independence / interdependence of firms
8. Four firms concentration ratio
9. The HHI Index
10. Organization, in text citations, references. Please use the APA or the MLA format.