Reference no: EM131405532
Describe the four basic types of market structures
Although there are many different examples of economies in the world, all of them demonstrate one or more of the four basic types of market structure. For this assignment, in your own words
Identify the four basic market structures, in order, from the best for consumers to the being the best for producers.
Describe each in terms of their distinguishing characteristics (e.g., monopolies have only one producer). Make certain you describe how the characteristic distinguishes the associated market structure from other market structures.
A minimum of 120 words is required for each market type for a total of 440 words. Please ensure you are provided support for your answers.
Bear in mind you are listing these market structures in order; the first market structure would be the one best for consumers and the last the structure that is best for sellers or producers but the worst for consumers. More firms in the market increases competition which is usually better for consumers, while larger firms with more marketshare may be detrimental for consumers but better for those firms.
In addition, it should be written well using correct grammar, and references need to be properly APA formatted.
|
Market converges to marginal cost as n increases
: (a) This was also illustrated in class and in the lecture notes. Where {a; b; cg} > 0, p(Q) = a-bQ, and TC(q) = cq, show that the equilibrium quantity chosen by a Cournot competitor in an n-firm oligopoly is equal to qi =(a-c)/(n + 1)b (b) Show th..
|
|
Profit-maximizing monopolist with costs
: (a) Consider a profit-maximizing monopolist with costs of C(q) = cq and an inverse demand of p(Q) = a-bQ, where {a; b; c} > 0. What is the rm's objective equation as a function of q?
|
|
What is the function of this slope
: Assume that Y is on the vertical axis and X is on the horizontal axis. What is the function of this slope
|
|
What reasons might correctional institutions have to map
: The problem of additional health-related diseases will arise in the prison system. There will be more HIV, more tuberculosis, and other communicable diseases. Pick a position on the question of mapping inmates for genetic predisposition to a spe..
|
|
Four basic types of market structures
: Although there are many different examples of economies in the world, all of them demonstrate one or more of the four basic types of market structure. For this assignment, in your own words
|
|
Will the appreciation of exchange rates affect transaction
: Did they have to purchase stock of a company? Will they owe significant monies due to the foreign exchange deal? Will this affect their cash flow? Will the appreciation or depreciation of exchange rates affect their transaction?
|
|
Understanding of the property rights
: The sons were very upset regarding their father's Will. They thought that he was not fair in distributing his assts." Based on your understanding of the Property Rights, what can the sons do to get a fair share of their father's property? Discuss the..
|
|
Using given level of significance what conclusion you reach
: The International Council of Shopping Centers reports that the average teenager spends $39 during a shopping trip to the mall.- Identify and interpret the p-value for the test. Using the 0.025 level of significance, what conclusion do you reach?
|
|
What is smart perimeter mapping
: You are the warden of a new maximum security prison and would like to have smart perimeters installed, but the state is in the middle of cut backs on the budget. You must write a proposal to the state legislature and explain the following : What s..
|