Oligopoly Market Structure Essay Examples

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Reducing the Power of an Oligpoly

756 words - 3 pages At its most simplistic definition, it is easy to understand that a monopoly is the name given to a circumstance with one seller and many buyers. Then the simple theory of supply and demand is that of a market with many sellers and many buyers. An oligopoly, on the other hand, is more than one seller, but less than many sellers. It is only logical, therefore, to ask, "What is many?" What, for example, happens if there are two sellers? Though many economists suspect that the results of two sellers are more similar to those of one seller than to those of many sellers. Where then, does this leave the definition and explanation of oligopoly?When the possession of market power is... VIEW DOCUMENT
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Is dreamworld exist in a perfect competition environment

1046 words - 4 pages Nowadays, a lot of businesses are running under the different market structures. In fact, there are four different types of market structures operating in the real world market competition. In order to lay out them, they are perfect competition, monopoly, monopolistic competition and oligopoly. In this essay, it will determine the differences between the perfect competition model and the Theme Park industry. The perfect competition can be defined as a market structure characterized by a large number of small firms a homogenous product and very easy entry and exit from the market in comparison, the Theme Park industry can be defined as a large outdoor area where people pay to go to enjoy... VIEW DOCUMENT
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Differentiating Between Market Structures Essay

1144 words - 5 pages All organizations fall into one of four different market structures; perfect competition, monopoly, monopolistic competition, and oligopoly. The market structure an organization is grouped in is based on characteristics such as competition, products, and ease of entry into the market. Powerlifting is a specialized sport with only a few companies selling the custom equipment required. Titan is one of the companies that sell powerlifting equipment. The following paragraphs will identify which market structure Titan belongs to and how that market structure compares to the others, identify three competitive strategies for Titan, evaluate the competitive strategies in Titan’s market structure,... VIEW DOCUMENT
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Minimizing profits Essay

1140 words - 5 pages Maximizing Profits in Market StructuresThe attributes of the market structure consist of the number and relative strength of buyers and sellers and the measure of collusion among them, levels and forms of competition, extent of a product differentiating characteristic, and the ease of entering onto and exiting from the market. (1) Perfect competition Maximizing profits in the market means that a firm would have to determine the price and output level that returns the greatest profit. This paper will address the... VIEW DOCUMENT
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The Cola Oligopoly Essay

1513 words - 6 pages AbstractThis project focuses on the results of a market structure simulation and a product I am familiar with. I am to discuss the advantages and limitations of supply and demand that are identified. I am then to create a table showing the differences and then I am to discuss a product we are familiar with so I chose the soft drink/cola industry.IntroductionThis project focuses on the market structure of a freight transportation company. They go through several changes for each of their divisions. Each division represents a different market structure. I will learn about perfect competition, monopoly, monopolistic competition, and oligopoly. The divisions used in the... VIEW DOCUMENT
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Oligopoly Essay

538 words - 2 pages How do businesses decide what price to charge the customer for their products and services? How do they decide what to produce and or how much should be produced? These decisions mainly depend on the type of industry in which the business operates. In the United States, economists classify industries into four different market structures; pure monopoly, pure competition, monopolistic competition, and oligopoly. Understanding each of the four market structures allow manufacturer to manage its pricing strategy and production output. This paper will differentiate among those four market structures, while identifying pricing and non-pricing strategies used by the company within each market... VIEW DOCUMENT
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An explanation of monopoly, oligopoly, perfect competition, and monopolistic competition - a detailed overview

968 words - 4 pages The Australian market is a diverse economic ocean - it has different species of marine life (industries), different swells (market structure) and even 'hot' and 'cold' spots (public companies). One of the key determinates to a successful national economy is the structure of its markets. The main market structures are: 1. Monopoly2. Oligopoly3. Perfect Competition4. Monopolistic CompetitionEach of these market structures have unique characteristics, and can be classified according to three... VIEW DOCUMENT
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Market Structure Simulation Essay

1038 words - 4 pages The simulation positioned users of the software as a CEO of East-West Transportation a freight transportation company. The simulation took users through each division of the company, that if which being Consumer Goods, Coal, Chemical, and Forest Products. The simulation aided in the differentiation between the four market structures. It also taught students to identify and interpret cost and revenue curves for each market.The Consumer Good's Division of East-West Transportation Inc operates as a perfect competitive market. A perfect competitive market structure has "a large number of... VIEW DOCUMENT
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Business Economics Questionnaire and Answers Essay

1372 words - 5 pages BUSINESS ECONOMICS Assignment - 2 Q 1) Consider the following demand function: 5P=-Q+46 and the following supply (a) What is the equilibrium price and quantity? (a) At equilibrium level: Qd = Qs The equilibrium price is Rs 6 and the equilibrium quantity is 16. (b) Suppose that the demand function shifts to right such that the new demand equation now becomes: 5P=-Q+55. What is the new equilibrium price and (b) At equilibrium level: Qd = Qs The equilibrium price is Rs 7 and the equilibrium quantity is 20. Total Average Fixed Variable Cost Cost (AVC) (TFC) Average Total Cost (ATC) 0 0 420 420 - - - 10 100 520 420 10 52 100 20 180 600 420 9 30 80 30 240 660... VIEW DOCUMENT
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Firms' Incentives to Avoid Price Competition in Oligopoly Markets

802 words - 3 pages Firms' Incentives to Avoid Price Competition in Oligopoly Markets In the UK a few, large firms dominate most industries. These industries are known as oligopoly markets. Oligopoly markets are an example of imperfect competition. It consists of a market structure in which there is a small number of large firms in the industry hence is relatively highly concentrated. Barriers to entry and exit are also likely to exist. In oligopoly markets there is product differentiation, the extent of which depends on the type of product produced. This leads to interdependency, as the actions of one large firm will directly affect another large firm. Therefore, firms are... VIEW DOCUMENT
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Market Structure

824 words - 3 pages Market structure is defined as the particular environment of a firm, the characteristics of which influence the firm’s pricing and output decisions. There are four theories of market structure. These theories are:                •     Pure competition                •     Monopolistic competition                •     Oligopoly... VIEW DOCUMENT
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Petronas As An Oligopolistic Firm

1086 words - 4 pages Introduction The type of firm we are going to investigate in this assignment is an oligopolistic firm. The essence of an oligopolistic market is that here are only a few sellers. As a result, the actions of any one seller in the market can have a large impact on the profits of all the other sellers. Oligopolistic firms are interdependent in a way that competitive firms are not. The company we chose to study is Petronas. Content 1. Introduction 2. Profile of Petronas 3. Characteristics of Oligopolistic firm – Petronas 4. Advantages to Malaysian Economy from Petronas 5. Disadvantages to Malaysian Economy from Petronas Profile of Petronas Ranked among the FORTUNE Global... VIEW DOCUMENT
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Differentiating Between Market Structures Simulation

1144 words - 5 pages Market Structures Simulation � PAGE \* MERGEFORMAT �1� Differentiating Between Market Structures SimulationUniversity of PhoenixECO/365: Principles of MicroeconomicsNovember 9, 2009�Differentiating Between Market Structures SimulationIn the University of Phoenix simulation (2003), Differentiating Between Market Structures, a situation is presented concerning cost and revenue curves in the different market structures by a freight transportation company.... VIEW DOCUMENT
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Alternative Theories To Profit Maximization

1736 words - 7 pages Alternative theories to profit maximization ranging from perfect competition to strict monopolies. Companies and The Market Most companies are profit oriented. Companies survive and live on profit. Even governmental institutions, NGO's and NPO's are profit oriented, what they do with profit is different though. Saying this means that companies seek always to be at a position where profit is maximized. As we know by now this happens when MC=MR but this is an always changing point as supply and demand are dynamic, effectively meaning that if firms get it right once they can't just do the same eternally, they still need to adapt to every market factor as a new change is a new reality all... VIEW DOCUMENT
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Differentiating Between Market Structures

1044 words - 4 pages "The primary debate among economists is not about using markets but about how markets are structured" (Colander, 2008). The structure of a market is comprised by the number of organizations in said market, the barriers to entry to said market, and the interdependence among organizations in how they achieve their goals of maximizing profits. By analyzing the differences of the market structures in the ECON365 week four simulation, the effectiveness of BP's market structure, and how the organizations in each market structure maximize profits, the reader should be able to grasp a firm concept on the differences between the four market structures-perfect competition, a monopoly, monopolistic... VIEW DOCUMENT
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Differentiating between Market Structures (Eco365)

787 words - 3 pages The simulation "Differentiating between Market Structures" allows students to learn real life circumstances in market structures in businesses. A scenario is created using a company by the name of East-West Transportation Inc; different scenarios within the company are given to show different market structures. The simulation focuses on the ability of the CEO of East-West Transportation Inc to study and analyze the cost and revenue curves faced by the freight transportation company. The CEO of East-West Transportation Inc determines through these studies where and how to... VIEW DOCUMENT
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Forms of Industrial Organization

1191 words - 5 pages Forms of Industrial OrganizationIn the history of mercantilism, all firms have acted in the self interest of the organization to protect their market share, unique products, and to help deny the entry of competitors into their space. Over the years many names have been given to the types of business that evolved out of the protective measures firms took to ensure their survival. Of these, our team has chosen three types of business structures to evaluate; pure competition, pure monopoly, and non-collusive oligopoly. Respectively, we have looked at AT&T, Nextel Communications, and Time Warner Cable and attempted to demonstrate how these organizations tried to play in or control the... VIEW DOCUMENT
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Differentiating between Market Structures

1019 words - 4 pages The structure of a market is defined by the number of firms in the market, the existence or otherwise of barriers to entry of new firms, and the interdependence among firms in determining pricing and output to maximize profits. This paper will cover the advantages and limitation of supply and demand identified in the simulation, the effectiveness of the organization, and how the organizations in each market structure maximizes profits.The simulation looks at all four types of market structure within the East-West Transportation Company. There are four divisions that operate within each of the four market structures. The divisions are Consumer Goods, Coal, Chemical and Forest... VIEW DOCUMENT
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Smart Phone Industry's Place in Society

1578 words - 6 pages The first smart phone was the IBM Simon, introduced in 1992 by IBM and BellSouth but only until 2007, when Apple released its first iPhone, smart phones made a real revolution in the technology industry. Therefore, Apple can be considered as the first mover in the mart phone industry; however, competitors are entering and creating a fierce competition in the market. The structure of the smart phone market has changed from monopoly to oligopoly, meaning that the market condition has moved from only one firm dominates to more firms are competing in the industry. Although the market structure plays a very important role in the success of a firm, Apple has proved that it is the best firm in the... VIEW DOCUMENT
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Market Structure simulation

643 words - 3 pages East-West Transportation is in the freight transportation industry. The main method of transportation for East-West is by road and railroad. East-West’s railroad division has over 25,000 route miles across numerous states and also operates in 3 Canadian provinces. There are 4 major transportation divisions for East-West, they consist of Consumer Goods, Chemicals, Coal, and Forest products. Recently each of the divisions, which operate in different market structures, have experienced some losses and others have experienced profits within the same period of time.The Consumer Goods division... VIEW DOCUMENT
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Understanding Market Structures

2753 words - 11 pages I have been hired as a consultant by the mayor to look at the various market structures. In order to fully analyze the market structures I will explain in depth the different types of market structures, one example of a market structure here in Smallville, Ohio, I will also share how high entry barriers into our market will affect the profitability in the long term sense, competitive pressures that are present in high barriers to entry, the role of the government and how it affects each of the different market structures ability to price its products and the effect of international trade on each of the different market structures. This in depth look will hopefully help they mayor... VIEW DOCUMENT
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Models of oligopoly behaviour, whether the respective assumptions are realistic and examples where different models might be the most appropriate.

1941 words - 8 pages In this essay I am going to discuss models of oligopoly behaviour and analyse them and see whether they are realistic or not and evaluate them with certain examples where they may be most suitable.An oligopoly is a market which consists of few firms which sell similar or homogenous products. In this essay I will also be looking at a duopoly, which is a market with two firms.The Cournot equilibrium, this is where "a pair of output levels, one for each firm, which are such that after they are chosen neither firm, has an incentive to change its output level"1.To easily understand... VIEW DOCUMENT
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Oligopoly and the Disney Company.

6690 words - 27 pages 1. INTRODUCTIONOligopolies have been around ever since there is trade. However, it has only recently gained grounds in this age of globalisation. Never before has oligopolistic competition been so fiercely contested across so many industries.The media industry in the United States of America (US) is one such industry. As a powerful communication tool, the media has attracted many companies but only a handful has grown big. These media giants have dominated the local market and are currently seeking to conquer the global media... VIEW DOCUMENT
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Oligopoly in india

1811 words - 7 pages OLIGOPOLYA market structure dominated by a small number of large firms, selling either identical or differentiated products, and significant barriers to entry into the industry.This is one of four basic market structures. The other three are perfect competition, monopoly, and monopolistic competition.The three most important characteristics of oligopoly are:1. An industry dominated by a small number of large firms2. Firms sell either identical or differentiated products3. The industry has significant barriers to entry.PRICINGThe members of an oligopoly change the... VIEW DOCUMENT
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Industrial Regulations

995 words - 4 pages Industrial regulation: This is when the government intervenes and puts up measures which seek to regulate the activities of a particular industry. For instance the government can put a limit on the number of vehicles that can be exported within a certain period. A company which exports beyond set limits will be breaking the law. The government use agencies and law enforcers to ensure that the industry follows the set regulations. Regulations occur because industries if left alone without regulation would exploit the consumer by charging high prices so as to increase on their profits. Thus the government intervenes so as to protect the customer. Industrial regulations are also brought... VIEW DOCUMENT
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What are the incentives to innovate? Which market structure creates the best conditions for innovation?

982 words - 4 pages Untitled /*<![CDATA[*/ :link { color: #0000EE } :visited { color: #551A8B } p.gec-5 {text-indent: 0.00mm; text-align: left; line-height: 4.166667mm; color: Black; background-color: White;} div.gec-4 {padding: 0.00mm 0.00mm 0.00mm 0.00mm; text-align: left} p.gec-3 {text-indent: 9.38mm; text-align: left; line-height: 6.250000mm; color: Black; background-color: White;} div.gec-2 {padding: 0.00mm 0.00mm 0.00mm 0.00mm; text-align: center} p.gec-1 {text-indent:... VIEW DOCUMENT
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Differentiating Between Market Structures Simulation Analysis

1445 words - 6 pages Every single household in the entire world purchases goods and services on a daily basis. Whether individuals purchase food, gas, household items, household utilities, travel tickets or any other goods or services, many people deem it beneficial to know the markets that they take part in as the consumer. In order to begin understanding the importance of market structures this paper will first define the term and concepts concerning market structures. Next, this paper will analyze a simulation given by the University of Phoenix as a learning tool to help understand market structures and lightly covering what the advantages and limitations of supply and demand identified in the simulation... VIEW DOCUMENT
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Differentiating Between Market Structures

1109 words - 4 pages Four market structures frame today's economic markets. Knowing the difference between the four can help a business or organization to realize fully which market they would be best suited and where they could maximize profits. The University of Phoenix's Differentiating between Market Structures simulation (University of Phoenix, 2003) assists to understand the difference by giving a hands-on experience. This paper will discuss the simulation along with Visa's market structure, the effectiveness of this market and how the different markets maximize their profits.SimulationThe user of the simulation... VIEW DOCUMENT
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Concept Application Discuss the alternative theories to profit maximisation ranging from perfect competition to strict monopolies

621 words - 2 pages Perfect CompetitionPerfect competition is a market form in which no producer or consumer has the power to influence prices in the market. This leads to an outcome which is efficient, according to the economic definition of pareto efficiency The analysis of perfectly competitive markets provides the foundation of the theory of supply and demand. One example of perfect competition in the real world is the agricultural industry, whose large amount of suppliers, relatively inelastic demand and almost perfectly... VIEW DOCUMENT
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Supply and Demand and Price Elasticity Paper

1041 words - 4 pages Supply and Demand and Price Elasticity PaperPricing, supply, and demand are the foundation of the economic structure. This paper is intended to highlight the affects of each. The changes in supply and demand will be looked at along with how changes in price and quantity influence market equilibrium. It will also look at how the necessity of a good and the availability of substitutions affect price elasticity.... VIEW DOCUMENT
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Economics - Case Study on Costco (2010)

1768 words - 7 pages Costco - let the grocery wars beginAuthor: John RolfeApril 16, 2010THE arrival of retailer Costco in Sydney is going to push down the price of shopping. And you won't even have to be a customer to benefit.As UNSW associate professor and competition expert Frank Zumbo said yesterday: "I have no doubt that once these Costcos are in full swing you will see significant pricing pressure on Coles and Woolworths."Premier Kristina Keneally yesterday confirmed a report in The Daily Telegraph that planning... VIEW DOCUMENT
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The Price Mechanism: Characteristics of Different Markets

1375 words - 6 pages Characteristics of Different Markets A market is a place or process that brings buyers and sellers together to agree on a price that leads to an exchange of goods or services. There are different types of markets that are defined and categorised based on various factors, which develop market structure: “The interconnected characteristics of a market, such as the number and relative strength of buyers and sellers and degree of collusion among them, level and forms of competition, extent of product differentiation, and ease of entry into and exit from the market.” (Web Finance Inc. 2014) Most of the markets will have competition of a sort, higher or lower than other, but competition... VIEW DOCUMENT
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Southwest Airlines: Organizational Culture

1124 words - 4 pages Introduction Perfect competition is a very rare type of market and so competitive that it negates the impact any one buyer or seller could have on the market price. The products or services sold are exactly the same and are all the same price. Firms earn only a normal profit and in the event firms started to earn more than that, other firms will enter the market and drive the price level down until only a normal profit could be made. Even the technology used is the same throughout all the companies. Monopoly Monopoly is a sole player and a single monopoly is seen as one organization that holds 100% of a certain market share. A monopoly produces less at a higher price and decides... VIEW DOCUMENT
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Microeconomic Theory, Price Policy in Oligopoly.

1319 words - 5 pages Microeconomic Theory"Price Policy in Oligopoly"Instr.: Dr. Michael ChletsosSubmitted by:Maria SoulimiotiPrice-output behavior in OligopolyThe kinked demand curve: This model was developed in 1939 by the economist Sweezy. It assumes that an oligopolist will expect rival firms to follow any price decrease it makes but not follow any increase. Thus the elasticity of demand for the firm's product is much greater above the ruling price than below it, and hence there is a kink in the demand curve faced by the firm.For straight line demand curves the marginal revenue line lies... VIEW DOCUMENT
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Why is the demand curve of a firm in perfect competition perfectly elastic?

1420 words - 6 pages Theoretically speaking four different market structures exists in today's world. Monopoly, oligopoly, imperfect competition and perfect competition are those four market structures. Monopoly and perfect competition are the two extreme cases, in monopoly the market is governed by one seller, and under perfect competition there are so many sellers that none of them has any power to control the market. As these two market structures are so extreme in nature, examples of these markets are very difficult to find in the every day world. Oligopoly and imperfect competition... VIEW DOCUMENT
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To what extent was the policy of deregulation in the energy market responsible for the California electricity crisis?

3761 words - 15 pages Extended EssayEconomics HLAbstractThe topic I chose to investigate for this extended essay was the manipulation of the deregulated Californian energy market by the Enron Corporation. This extended essay focuses on the economic aspect of market failure in the energy market due to the deregulation and consequent manipulation of the market rather than the business aspect of Enron Corporation.Contents PageTitle... VIEW DOCUMENT
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The Corporate Demand For Insurance

7434 words - 30 pages I. Introduction The corporate demand for insurance may be motivated by a company’s strategic decisions on output and price market.Most real world market are characterised by small numbers of relatively large firms which compete with each other strategically .The purpose of this paper is to discuss the strategic behaviour of firms operating in oligopolistic industry and their response to risk .By putting our focuses on oligopoly markets , it should be relevant to discuss the key strategic elements of such industry and to see why this industry operates in such type of environment. Furthermore, this paper analyses the influence that strategic behaviour may have on firms when purchasing... VIEW DOCUMENT
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Wal-mart and its market struct

602 words - 2 pages In a world where most retailers are categorized as having a monopolistic competition market structure, Wal-Mart Stores Inc. appears to have an oligopoly market structure. Nevertheless, because there are far too many retailers to deal with, then they also have a monopolistic competition market structure. Regardless, Wal-Mart would rather have it this way because it has not hurt them at all by having competition.When Wal-Mart Stores Inc. opened its doors to their first discount store in 1962, Sam Walton had no idea his business would take off like it has to this day. The reason for Wal-Mart's success has been their ability to create a basic structure for their very own business... VIEW DOCUMENT
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hfjsjkd

2778 words - 11 pages Q.1."Profit Maximization is the main objective of a firm" Discuss this statement with the help of an example.Generally, profits are the primary measure of the success of any business. It is the acid test of the economic strength of the firm. Economic theory makes fundamental assumption that maximizing profit is the basic objective of every firm. This assumption does not always hold true, as in practice, the firms may not always try to maximize profits. This may be due to a number of reasons:(1) Achieving leadership: Firms often like to become leaders in the respective... VIEW DOCUMENT
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bus525

2778 words - 11 pages Q.1."Profit Maximization is the main objective of a firm" Discuss this statement with the help of an example.Generally, profits are the primary measure of the success of any business. It is the acid test of the economic strength of the firm. Economic theory makes fundamental assumption that maximizing profit is the basic objective of every firm. This assumption does not always hold true, as in practice, the firms may not always try to maximize profits. This may be due to a number of reasons:(1) Achieving leadership: Firms often like to become leaders in the respective... VIEW DOCUMENT
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Why firms try to collude and discuss the factors that may facilitate and hinder sustained collusion with reference to a particular case.

2042 words - 8 pages In this essay, I am going to talk about the reasons that firms may decide to collude, the factors that help and prevent collusion, the types of collusion and a case study (OPEC) which illustrate the points.In an Oligopoly industry, there are only a few firms between them share a large proportion of the industry. Unlike firms under Monopolistic, there are various barriers to the entry of new firms, the size of the barriers, however, will vary from industry to industry. Because of the small numbers of firms under oligopoly, each firm will have to take account of the others, they are interdependent. This means that... VIEW DOCUMENT
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HND Macroscopical and microcosmic economics report

2067 words - 8 pages (i) The mobile phone market is believed to be an oligopoly - what are two characteristics of this market structure? /*<![CDATA[*/ :link { color: #0000EE } :visited { color: #551A8B } div.gec-16 {padding: 0.00mm 0.00mm 0.00mm 0.00mm; text-align: left} div.gec-15 {padding: 0.00mm 0.00mm 0.00mm 0.00mm; text-align: right} p.gec-14 {text-indent: 0.00mm; text-align: right; line-height: 4.166667mm; color: Black; background-color: White;} p.gec-13 {text-indent: 0.00mm;... VIEW DOCUMENT
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Microeconomics and the Board Game Monopoly

1021 words - 4 pages All I ever needed to know about microeconomics I learned from the Hasbro board game Monopoly. Some people, like myself, need practical models in order to understand certain concepts and theories. In our text book The Economy Today it completely ignores the intrinsic value of business decisions because you can’t put a numeric value on it. The game Monopoly™ is all about the numbers. In the game of Monopoly™ you have goals: The object is to bankrupt all opponents. To do so, you must be dedicated and make each decision with the aim of improving your chances and wiping out your opponents.” (Monopoly) In what I will call throughout the paper real life, the goal is the same. Look at... VIEW DOCUMENT
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Friendster, a new social networking entrepreneurship. Define the market sytstem, and creative destruction. Will this entrepreneurship become a victim of creative destruction.

709 words - 3 pages A new social network startup, Friendster.com, is one of the most promising new Internet companies, founded by Jonathan Abrams. Social networking has shown a lot of promise, with other startups, such as LinkedIn, Spoke and Tribe Network, being backed by large venture capitalist firms pouring out a lot of money, almost $ 40 million.Almost five million Internet users have accessed Friendster, but surprising enough, Friendster hasn't made a cent in revenue. What makes Friendster different from previous Internet companies, is it's no frills approach: small offices and no marketing or public relations budget.... VIEW DOCUMENT
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Pure Competition

566 words - 2 pages There are many industries. Economist group them into four market models: 1) pure competition which involves a very large number of firms producing a standardized producer. New firms may enter very easily. 2) Pure monopoly is a market structure in which one firm is the sole seller a product or service like a local electric company. Entry of additional firms is blocked so that one firm is the industry. 3)Monopolistic competition is characterized by a relatively large number of sellers producing differentiated product. 4)Oligopoly involves only a few sellers; this “fewness” means that each firm is affected by the decisions of rival and must take these decisions into account in determining its... VIEW DOCUMENT
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The extent to the economic characteristics of ''Local ferry services in Hong Kong's outlying island'' and correspond to the principles of market structures as put forward by economists.

4854 words - 19 pages Market structure principleCurrent condition in local ferry services in Hong Kong(Outlying Island)The number of ferry operators in Outlying IslandsThe definition of Oligopoly and Natural monopoly- Oligopoly- Natural monopolyBarriers to entry- Natural Barriers occurred by Economies of Scale- Legal Barriers- Limit pricing- High set up costs and sunk costsNecessary support from Government's subsidyPrices setting and Profits that are earned-Price Maker-Price Discrimination-Applied for fare increase caused by lost profitsNature of products/servicesContestability- Deregulation- Efficiency- No close substitutesFinding and ConclusionReferencesTable 1, Ferry Passenger Statistics (2007 figures)Table... VIEW DOCUMENT
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The privatisation of the uk el

4817 words - 19 pages Introduction Since the privatisation of the British electricity industry in the early 1990's the power industry has gone through major structural changes. As with most privatisation of former public companies, (such as the privatisation of British Telecom and British Gas), the government wished to see increased efficiency in the production of electricity.By privatising, the government hoped that the incentive of higher profits would act as a reward for efficiency, meaning that more effort would be made in research and development of new techniques so as to make production more efficient. In order to pass savings onto the consumer, the electricity companies would have to work under... VIEW DOCUMENT
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Australian dairy industry analysis. Includes the effect of deregulation of the industry

2327 words - 9 pages 1 IntroductionThe Australian Dairy Industry consists of five main segments. These being farming, manufacturing, processing, distribution and vending. This analysis will examine these stages/sectors of the industry by covering five broad areas. These topics include the structure of the industry, the production process and production costs, its international involvement, government policies in relation to the Australian dairy industry and finally the industries value to the Australian economy. The Australian dairy industry can be described as being an oligopoly as a large proportion of its characteristics are represented... VIEW DOCUMENT
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The Economic Factors Involved with the Rising Price of Gasoline

3072 words - 12 pages The Economic Factors Involved with the Rising Price of Gasoline The year 2004 has seen a steady climb in the price of gasoline. From January of 2004 to May of 2004 there has been a jump of approximately .50 cents a gallon (Energy Information Administration). For many Americans high gas prices have been a hot issue with them, and there seems to be no rhyme or reason to these fluctuations. With the continued popularity of the sport-utility vehicle and the high volume of gasoline it requires, the issue of high gas prices doesn’t seem to be going away anytime soon. Many factors go into determining the price of gasoline. This paper will explore the various... VIEW DOCUMENT
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A Target on Wal-Mart

1372 words - 5 pages Wal-Mart is the largest company in the world; Wal-Mart employs 2.1 million workers worldwide with revenue of more than $405 Million for the year 2009. Its operations are based primary in the United States, but have begun to expand to other countries. According to Wal-Mart Annual report Wal-Mart has over 8,400 retail units under 55 different banners in 15 countries. This research will analyze the current market conditions of Wal-Mart what market structure of Wal-Mart is oligopoly, etc. What Interdependence with other companies and who are Wal-Mart competitors and whether there are any new mergers, acquisitions, or antitrust issues. Also we will discuss Wal-Mart labor practices, how... VIEW DOCUMENT
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