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Describe the structure-conduct-performance paradigm, the feedback critique, and their relation to the five-forces framework.
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- Discuss the relevance of structure-conduct-performance paradigm in describing firm behaviour.Discuss the strengths and weaknesses of the structure-conduct-performance (SCP) paradigm as an analytical tool of industrial performanceDiscuss the differences between corporate level, businessunit level, and functional level strategies.
- Which one of the following statements is incorrect about the Structure-Conduct-Performance Paradigm of industrial organization economics? A. Barriers to entry are treated as structure and play an important role in this paradigm. B. None of the other statements is correct. C. This paradigm started with Bain (1956). D. This paradigm assumes a one-way chain of causation: from structure to conduct to performance.advanced microeconomics, principal agent problem:Define and explain the structure of NEDLAC
- Discuss this statement. "An understanding of the causes and consequences of performance ambiguity is central to the issue of organizational design in multinational firms."The global recession forced thousands of firms into bankruptcy. Does this fact alone confirm that “external factors are more important than internal factors” in strategic planning?The pandemic has resulted in many airlines filing for bankruptcy affecting the market structure of the industry. With the aid of relevant diagrams, discuss the emergent market structure and related economic impact on consumers.
- what are the answers to part B, C, and D of this problemFrom a Transaction Cost Economics perspective, when would you expect vertical integration to take place within an industry?describe three common problems that have often been faced by command economies what kind of issues have encouraged many countries to switch to mixed or market system