Week 4 – Individual Assignment - Due Day 7 (Monday) Name of Student: Differentiating between Market Structures – Table Student Name: Enrique Segovia-Ramirez Fill the table below that compares and contrasts the various characteristics of the four ma
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| Week 4 – Individual Assignment - Due Day 7 (Monday) | Name of Student: | |||
| Differentiating between Market Structures – Table | Student Name: | Enrique Segovia-Ramirez | ||
| Fill the table below that compares and contrasts the various characteristics of the four market structures. To fill the table, please use examples from real life. | ||||
| Score: | 40 | 18.18 | ||
| Perfect competition | Monopoly | Monopolistic Competition | Oligopoly | |
| An example of an organization: Name a specific company that exists in real life. | ||||
| Goods or services produced by the organization: Name a specific product the company you named above produces or sells that falls in the appropriate market structure. | ||||
| ALL ANSWERS BELOW MUST BE GENERAL WITH RESPECT TO THE APPROPRIATE MARKET STRUCTURE. DO NOT BASE YOUR RESPONSES ON ANY SPECIFIC COMPANY OR PRODUCT. REFER TO THE TEXTBOOK AND PROFESSOR'S POWERPOINTS FOR REFERENCE. | ||||
| Type of product in this market structure (standard, differentiated, both) | ||||
| Barriers to entry for each market structure, NOT for the specific organization you selected (high/many, some, few, none) | ||||
| Numbers of organizations in this type of market structure(many/lots, a few, one) | ||||
| In this market structure, are firms price-setters or price-takers? | ||||
| Price elasticity of demand (Perfectly elastic, elastic, unit elastic, inelastic, perfectly inelastic, elastic above the kink in the Demand curve and inelastic below it) | ||||
| Price elasticity of demand is useful to make what kind of business decisions? 4 points (Ch. 5, Fig. 3 and little section below, but not 5-1f) | ||||
| How is ADVERTISING useful to compete? Write your answer (no drop down choices). Write NA if advertising is irrelevant in this market structure. (See my PowerPoints for each Market Structure) | ||||
| Economic profits: Is there a presence of economic profits in the Short-run? (Yes or no) | ||||
| Economic profits: Is there a presence of economic profits in the Long-run? (Yes or no) | ||||
9 years ago
Week 4 – Individual Assignment - Due Day 7 (Monday) Name of Student: Differentiating between Market Structures – Table Student Name: Enrique Segovia-Ramirez Fill the table below that compares and contrasts the various characteristics of the four ma
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q__1___original_table__w4_indiv_marketstructurestable_ground__1____copy.xlsx- a______________original_table__w4_indiv_marketstructurestable_ground__done__updated_.xlsx
- data___w3___2___monopoly.pptx
- data_____w3___1__perfect_compet_and_profit_max_for_all_mkt_structures.pptx
- data_______w3___3___oligopoly.pptx
