Differentiating between Market Structures in Boeing Corporation

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Differentiating Between Market Structures in Boeing Corporation The company chosen for this assignment is the Boeing Corporation (NYSE: BA). This company primarily manufactures airplane for civil and military purposes as well. This company also makes satellites for civil and military purposes. This company is a manufacturing concern, and its market structure is that of a duopoly. The reason for this belief is because it is a duopoly (A market structure where there are only two manufacturers). According to According to University of Pennsylvania Wharton School (2008), "the characteristics of oligopoly markets include few firms, above normal profits, and high barriers to entry. Barriers to entry include economies of scale and scope, high capital requirements, product differentiation, patents, government regulation, cost considerations (e.g., raw materials, a unique location), and access to distribution channels" (Theory). After extensive research and analysis, it turns out that Bowing and Airbus are the two main competitors who compete for the civil and military aviation contracts. This status quo has been there because the cold war although the Russians have two aircraft manufacturers (Yakolev and MIG industries). These Russian companies are inefficient and substandard in their production techniques and the products they manufacture. Boeing has been going through some rough patches. There are some remedial steps the company can take to make its position better off as
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