Apple Discussion Post

This is a Microeconomics problem.  (a) Give 2 reasons why the market structure of monopolistic competition may not necessarily require government regulation the way a monopoly market would.  (b) What is a reaction curve in an oligopolistic market?  (c) Describe the Stackelberg model and explain how the first mover in such a model gets an "advantage"?

Question 3   “In the meat market in US, there are 4 major meat corporations which have been accused of conspiracy to raise meat prices.  After a four-year legal battle, it’s unclear whether court settlements will discourage future collusion.”   a) What is the market structure described above? Discuss THREE (3) characteristics of this market structure.     b) Explain the meaning of collusion. What are its implications to the industry? Is collusion permitted in most countries?     c) State ONE (1) advantage and ONE (1) disadvantage of this market structure.

11. A key to business success is to decide in advance how to respond to the issues that   underlie all questions of ethics and   A) personnel complaints   B) compensatory damages.   C) governmental support   D) social responsibility   12. Which of the following does NOT fall into the degrees of competition continuum?   A) Perfect competition   B) Monopolistic competition.   C) Competitive advantage   D) Oligopoly

Q.3. What is market structure? Explain main characteristics of;  I. Perfectly competitive market structure II. Monopolistic Competition/Imperfectly competitive marketstructure

5- Choose the extremely competitive market structure from the following. a. Monopoly b. Monopolistic competition c. Oligopoly d. Perfect competition

In which market structure does Johnson Electronics (Pty) Ltd operate? Provide areason for your answer and what level of output maximizes the firm’s profit? Provide the reason for youranswer output price total revenue average cost total cost margnial cost  profit/ loss 10 10.00 100 20.80 208 0 -108 20 10.00 200 12.40 248 4.00 -48 30 10.00 300 9.90 297 5.00 3 40 10.00 400 9.00 360 6.20 40 50 10.00 500 8.80 440 8.00 60 60 10.00 600 9.00 540 10.00 60

2. In the following matrix for the profits of two dry cleaners with the decision whether or not to offer discounts for regular customers.  What do expect to happen? Why? Note: they cannot collude     You don't offer discount You offer discount Rival doesn't offer discount Rival gets $2000 You get  $2000 Rival gets $1000 You get $6000   Rival offers discount Rival gets $6000 You get $1000         Rival gets $5000 You get $5000

Subject: Menagerial economics & policy Mcq's 7) Which of the following is not a characteristic of perfect competition                               a) Perfect information                               b) Homogenous goods                               c)A small number of firms                               d) Free entry and exit 8) A few firms dominating an industry is an example of                a) oligopoly                b) monopoly                c) monopolistic competition                d) None of the above 9) A market structure in which many firms sell products that are similar but not identical is known as               a)  monopolistic competition                b) monopoly                c) perfect competiion                d) oligopoly

Question: Which of the following market structures is characterized by a large number of firms, homogeneous products, free entry and exit, and perfect information? a) Monopoly b) Oligopoly c) Monopolistic competition d) Perfect competition Please give me correct answer and full explanation. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.

2. The table below provides information regarding four companies and the corresponding products/services. Identify and briefly discuss the appropriate 'strategy' that each com- pany should adopt for the corresponding products as they contemplate extending their business to other countries/regions of the world.

2.Consider the markets for pizza delivery services in Vienna, hotel accommodation in Krems and train travel in Austria. Define the market types perfect competition, oligopoly / monopolistic competition and monopoly and classify the given examples accordingly. Explain your reasoning in a few sentences.

2. Describe the fundamental difference between pure competition and non-collusive oligopoly.

3) Why would firms advertise? Give some examples of a market structure where firms need to advertise to gain a fair advantage over their rivals and also identify the type of market structure? Give typing answer with explanation and conclusion

2. a. Compare and contrast the oligopoly and monopolistic competition market structures.

3. Explain why Oligopolistic market decisions are more difficult compare to other market structures? Use a local example to support your explanation.

1.In differentiated oligopoly,the elasticity of individual market demand is smaller than in the case of pure oligopoly.Explain this statement in not more three sentences 2.As a prospective production manager of an agribusiness firm whose average variable cost of production is greater than the price per unit of its product in a competitive market indicate ,in not more than four sentences, how would you advice management concerning the operations of the firm 3.Assuming you are the production Economist in a farm firm whose elasticity of production is negative indicate,in not more than 3 sentences, how would you advice management concerning the operations of the firm

12. Which of the following does NOT fall into the degrees of competition continuum?   A) Perfect competition   B) Monopolistic competition.   C) Competitive advantage   D) Oligopoly

Q5. a. What are four ways in which a firm can differentiate its product? What role can advertising Play in product differentiation?b. How does a firm attain equilibrium in short run under Monopolistic competition?