The Level Of Concentration Is High

The Aerospace and Defense (A&D) is a highly concentrated industry (Global Edge, n. d.). The market is largely dominated by a small number of large companies in the industry, which is a characteristic of an oligopolistic competition. The major players in the industry include Boeing, Lockheed Martin, General Dynamics, Northrop Grumman, and Raytheon, (Choi, 2016). In oligopolistic market, companies make decisions based on their own actions as well as of others’ in mind (Johnson, 2014; Boundless, 2017). According Pettinger (2016), the key characteristics of oligopoly are

In order to do any sequenced action, any cognitively planned activity, or any thought one must use sustained attention and it seems to be harder to maintain attention on simple and automated tasks. To investigate whether increase in the proportion of automated tasks affects sustained attention performance, 636 psychology students did the SART which they were required to response when the digit is over ‘5’ and not response when the digit is less than ‘5’. As hypothesised, participants who took the test with more repetitive response actions required are more likely to make errors than were participants who were tested with less repetitive response actions required. These findings suggest that repetitive and automated tasks have a significant impact on sustained attention performance.

In assessing the market structure in which General Motors is operating in, I will outline the central assumptions and resulting implications of the oligopolistic market structure. I will study both the current competitive behavior of General Motors, as well as sales and cost statistics to determine whether they correspond to the characteristics of firms operating in an oligopoly. I will also examine the

The competition of mining industry is medium to high. One major competition for mining industry is the competition for resources and mines, which is different from other industries. Since the resources are limited and unrenewable, together with the continues increasing demand for energy, such as coal demand of China and India, the battle of exploiting and developing new mines are intensive. Also, there are many competitors in the industry. However, since the exit barriers are high, the competition is limited within the existing companies. Companies in the industry might battle for larger market share but facing little threat of new entries. Thus, the competition in the industry is concluded as medium to high.

The organization and characteristics of a specific market where a company operates is referred to as market structure. While markets can basically be classified by their degree of competitiveness and pricing, there are four types of markets i.e. perfect competition, monopolistic competition, monopoly, and oligopoly. In perfect competition markets, many firms are price takers whereas monopolistic competition markets are characterized by the ability of some firms to have market power. In contrast, oligopoly markets are those in which few firms can be price makers while monopoly market is where one firm can be a price maker.

Address the specific learning elements that will fortify your ability to comprehend and select an element that is most beneficial to help you understand your coursework and assignments.

First, concrete durable. Concrete is something that will outlive other products up to three times over (“What Makes…”). In addition to durability, concrete is efficient. Concrete can be made with byproducts from power plants, and other aspects of manufacturing. Concrete is primarily made up limestone, the most abundant material on Earth. Above all of this concrete can be recycled. Concrete can be crushed and recycled into another structure or product, reducing the need to mine the limestone for production. Concrete also allows water to pass through which reduces the chance of flash flooding, erosion, and water table depletion as compared to other materials. This is a major check in the sustainability of concrete; the conservation of soil, landscape and ecosystems. Concrete is a very green option when it comes to building

Kimble, M. O., Fleming, K., & Bennion, K. A. (2013). Contributors to hypervigilance in a military and civilian sample. Journal of Interpersonal Violence, 28(8), 1672-1692. doi: 10.1177/0886260512468319

Microeconomics is basically the study of supply and demand in the marketplace (Wikipedia, 2010). Being a horizontal construction company, XYZ needs to consider its competition, the demand for its services and the amount of those services that they can supply utilizing their current capacity and resources. My

The most common industry for cartels is an oligopolistic industry, in this industry there is a small number of producers and a large number of costumers. Also the products in this market are usually commodities, this are products to satisfy a consumer’s needs.

Although around 30 companies, which are considered to be areas top remodelers will provide the most competition. This list includes two types of remodelers: design/build firms, which have both contractors and architects on staff, and general contractors, who usually work with independent architect and handle the construction portion of the project. Most of the firms perform a range of work, including renovations, additions, and new construction. Competitive battles can take the form of price wars, advertising campaigns, expanded service offerings—all of which reduce our profitability. The intensity of competition tends to increase when a number of well-balanced competitors, a slow rate of industry growth, high fixed costs, or a lack of differentiation between products characterize an industry. Another factor increasing the intensity of competition is high exit barriers—including specialized assets, emotional ties, government or social restrictions, strategic inter-relationships with other business units, labor agreements —which make competitors stay and fight even when they find the industry unprofitable. Although, it is expected to experience some level of reaction from changing the mix, it is unlikely to produce meaningful effect on Mayflower, because competitors that present on the market are well established and positioned. It is unlikely to expect any response from their sides during first years.

In construction projects, mostly the firms (in this case the firms become client) do not have the skills or develop skills inside the firms to undertake the projects due to amount of the projects should be conducted or the complexity of the projects (Reve and Levitt, 1984). Therefore, the economic decision to conduct the projects is to procure them to third parties. However, more commonly the client agonize the final quality of the projects will meet standard requirements. Thus, impacts to involvement of complex contracts of construction procurement.

Market structure is when an industry has a number of firms making identical products. An industry’s market structure depends on the how many firms are in that in industry and how they will compete in the market.

Since for the companies in the construction industry it is not typical to bind their customers with long-term contracts and similar measures, it can be conclude that the switching cost of this industry is relatively low. The customer himself does not have a problem to change his supplier whereas on the market operate quite a large number of firms. The market is fragmented into more businesses offering similar products, respectively same and homogenous. The level of customer information rate is also fairly high. Thus the assumption is that the bargaining power of customers is rather high and hence

Market structures under study are ones which are more pronounced than others in the real world i.e. ‘Monopolistic competition’ and ‘Oligopoly’.