Market Structure and impact of internet
Not what you're looking for?
Discuss how the development of the Internet has changed the market structure in which companies operate. Remember that, we are assuming most firms can be categorized as being in perfect competition, monopolistic competition, oligopoly, or monopoly. Keep in mind, however, that perfect competition exists mostly as an ideal or benchmark, i.e. it is rarely if ever seen in the 'real world.'
Remember to use the criteria by which we categorize firms, e.g. the number of firms in a market, degree of competition, amount of market information available to both sellers and buyers, etc.
Lastly, see if you can use our managerial economic material to measure the impact of the Internet on market structure.
Purchase this Solution
Solution Summary
Discusses impact of internet on market structure.
Solution Preview
Internet and e-commerce has played an important role in altering the market structure in which companies operate. By redefining the physical boundaries of trade and making entire world a global village, internet has revolutionized market structured and change the definition of various factors such as competition, number of players in an industry, consumer's access to information, ...
Education
- BComm, University of Delhi
- Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
Recent Feedback
- "Thanks"
- "Thanks"
- "Very good! "
- "thanks"
- "Thank you!"
Purchase this Solution
Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.