please answer this question in 10 minutes.i will upvote Analysis of the company's (Fontana Pharmacy) Competitive environment (current competitionand new entrants) This section must address the following: - Using four characteristics explainthe type of market structure that is associated with this company. - With the aid of a graph,compare the profit-maximizing output, price, and profit with that of a perfectly competitivemarket structure. - Describe three barriers to entry that is likely to prevent competitors fromentering the industry. - Use a demand and supply diagram to illustrate the impact on equilibriumprice and quantity if the market becomes more competitive. please show diagram

Please find the answer below. FONTANA PHARMACY: A retail business from Jamaica called Fontana…

Answered: Analysis of the company's (Fontana…

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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For this week's discussion, the focus will be on examining Porter's Five Forces as a tool for looking at the pressures on profits. Specifically, how does Porter's analysis examine the stress on profits from all directions and all dimensions of a firm's environment? You will be applying this tool by specifically looking at the market structure in which a firm competes. You will need to be able to distinguish an oligopoly from a monopolistic competitive market structure. Choose one of the following groups and use Porter's Five Forces to analyze the pressures on profits for your chosen group's firms.Group 1: Firms in the retail sector (e.g., Amazon, Walmart, Target, Kohl's, Sears, Macy's). For each group determine and explain whether the group is monopolistic competitive or an oligopoly. Be specific in which market structures the firms operate. Choose one of the firms from one group.Using Porter's analysis, what are the threats to profitability faced by the firm? This would be a great…
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Recommended and explain 6 New strategies (formulated that are not already existing in their business strategies) that NETFLIX Should Implement in their business that can propel the company's business forward.
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