Identifying Market Structure of a Firm
Not what you're looking for?
Can you please use an example of a good or service and identify the market structure the firm operates in and explain the basis for this conclusion?
Purchase this Solution
Solution Summary
The expert identifies market structures of a firm.
Solution Preview
Hi there,
<br>
<br>An example of a market structure is an Oligopoly:
<br>
<br>Oligopolies have been around as long as commerce has. The term denotes a situation where there are few sellers for a product or service. The members of an oligopoly change the nature of a free market. While they can't dictate price and availability like a monopoly can, they often turn into friendly competitors, since it is in all the members' interest to maintain a stable market and profitable prices.
<br>
<br>The new oligopoly is made up of multinational corporations that have ...
Purchase this Solution
Free BrainMass Quizzes
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.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
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.