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Submitted by neel on Thu, 2013-01-24 16:53
due on Mon, 2013-01-28 16:51
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eco assignment

 

Differentiating Between Market Structures

 

The purpose of this assignment is to identify applications of economics by evaluating strategies acted upon by firms.

 

Select and complete one of the following assignments:

 

Option 1: Differentiating Between Market Structures in Kudler

Option 2: Differentiating Between Market Structures in an Organization of Your Choice

 

Option 1: Differentiating Between Market Structures in Kudler

 

You will apply important microeconomics concepts toward the competitive strategies of the Kudler Fine Food Virtual Organization that affect its long-term profitability. You will evaluate the differences between market structures and review the organization’s strategic plan, marketing overview, market surveys, and other material to evaluate the organization’s competitiveness in the marketplace, including its customers’ views. In the process, you will identify the market structure that you believe best applies to this organization, and assess how the market structure positively and negatively affects the firm’s long-term profitability.

 

Complete the University of Phoenix Material: Differentiating Between Market Structures Table located on the student website. Compare the various characteristics of the market structures by completing the table.

 

Kathy Kudler has hired you as a consultant to perform a market analysis, review her competitive strategies, and make recommendations on how she can maximize profits.

 

Read the materials in the Kudler Fine Foods Virtual Organization, including the firm’s strategic plan and marketing overview.

 

Write a 1,050 – 1,400-word market analysis in which you address the following:

 

·        

Based on the details available to you in the strategic plan, marketing overview, market surveys, and other material, how does the organization compete in the marketplace? What are the strengths and weaknesses of the firm as indicated by the marketing surveys completed by their customers?

 

·        

Based on your learning, identify the market structure that you believe best applies to this organization. Defend your answer. How does that market structure positively and negatively affect the firm? How does the effectiveness of the competitive strategies in the market structure affect the organization’s long-term profitability?

 

·        

What competitive strategies would you recommend for Kudler Fine Foods? Explain your answer. Identify real-world organizations that are comparable with Kudler Fine Foods.

 

Format your paper consistent with APA guidelines.

 

Option 2: Differentiating Between Market Structures in an Organization of Your Choice

 

You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure’s competitive strategies.

 

Complete the University of Phoenix Material: Differentiating Between Market Structures Table located on the student website. Compare the various characteristics of the market structures by completing the table.

 

Write a 1,050 – 1,400-word paper

 

Select an industry. Identify an organization in that industry. Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this market structure differentiates from the other alternatives.

 

Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the efficacy of these strategies in the market structure you identified.

 

Make recommendations related to the strategies the organization might consider to maximize its profits.

 

Format your paper consistent with APA guidelines.

 

 

Differentiating Between Market Structures Table

 

Compare the four market structures by filling in the table.

 

 

Perfect competition

Monopoly

Monopolistic competition

Oligopoly

Example organization

 

 

 

 

Goods or services produced by the organization

 

 

 

 

Barriers to entry

 

 

 

 

Number of organizations

 

 

 

 

Price elasticity of demand

 

 

 

 

Is there a presence of economic profits?

 

 

 

 

 

 

Answer
Submitted by neel on Thu, 2013-01-24 16:54
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eco assignment

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Running xxxxx DIFFERENTIATING xxxxxxx MARKET STRUCTURES � PAGE xxxxxxxxxxxxxxxxxxxxxxx BETWEEN xxxxxx xxxxxxxxxx xxx xxxx �7�

x

Student’x Name:

Professor’x xxxxxx

Differentiating Between xxxxxx xxxxxxxxxx

December xxx 2012

Differentiating xxxxxxx xxxxxx xxxxxxxxxx

Microeconomic xxxxxxxxxx in a xxxxx area at a xxxxxxxxxx place xx time xxx xxxxxxxx xxxxxxxxx by retail xxx sales industry xxxxxxxxxx xxxxxx xxxx since xxx first Wal-Mart xxxxx xxxxx was opened xx xxx Walton in xxxxxxxx xx xxx xxxxxxx xxx xxxxx xxxxxxxxx of xxxxxxxx Wal-Mart is xxxxxxxxx xx xx oligopolistic market xxxxxxxxx xxx is xxx one of the xxxxxxx corporations of nation xx retail xxxxx sector xxxxx is a very great xxxxxxxxxxxxx

xxxxxxxxx is xxxxxxxxxxx defined as x market structure xx which xxxxx are only xxx xxxxxx xxxxxxxxxxxxxx xx xxxx xxxxx in xxxxxx xxxxxxxxx regarding xxx xxxxxxx xxxxx decisions xxx be either xx collusive xx non-collusive xxxxxxxxx upon the xxxxx trend xx xxxxxxx Oligopoly xx just xxxxxxx xx x xxxxxxxxxxx monopoly but xx has xx xxxxx xxxxxxx xx interdependence among xxx xxxxx which xxxxx xxxx the firms depend upon each xxxxx to xxxx

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