Explore BrainMass
Share

Micoreconomics

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

The president of your company, Mr. daily, has asked you to prepare a report explaining the various forms of market structure. He explains to you that the report will be handed out to the staff prior to the staff meeting next week and that it should outline the various forms of market structure. At the same time, the report should have examples of companies or firms that operate under these types of market structures. He also explains that the report will be reviewed as part of your evaluation for the new vice president position.

i must submit a report in which you explain in detail the various forms of market structure.

* A monopoly
* An oligopoly
* A monopolistic competitor
* Competition
* Pure competition
* The differences in the number of firms in each market structure
* A real-world example of a firm in a monopoly, oligopoly, and monopolistically competitive market structure

Really need help with this one thanks.

© BrainMass Inc. brainmass.com October 25, 2018, 2:49 am ad1c9bdddf
https://brainmass.com/economics/supply-and-demand/micoreconomics-316521
$2.19
See Also This Related BrainMass Solution

Microeconomics

There is no word minimum for any answer; just give a complete response.

Question One

What is the most important determinant of price elasticity of demand? Why is this so?

Give an example of a firm that price discriminates for its product or service.

Question Two

Give an example of the income effect and the substitution effect in regards to the supply of labor. What is the opportunity cost of work in this case?

Question Three

Give a business or political example of the prisoner's dilemma from the field of game theory. What is the payoff for each participant in your example?

Question Four

Choose one of the three types of market failure and give a real world example of it. Do you believe the government has the ability to solve this problem?

Question Five

Define the concept of comparative advantage. How can a country gain or lose its comparative advantage in the production of a good?

View Full Posting Details