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Explain what markets are and how they are generally classified.
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- What is trade dress? Explain how it is similar to and/or different from a trademark, including whether they get similar types of protection.How are companies able to use the differences in culture to effectively market a product or service to specific groups of people ?Imagine a scenario in which the fashion industry is suffering from monopolistic price gouging and a dwindling demand (due to the existence of sweatshops and environmentally unfriendly business practices). A hypothetical situation such as this is likely to cause high unemployment in the fashion industry. Question: What could the government do to correct this market failure? Explain what they could do and include a diagram as well.
- Fill in the table and use your answers to the questions to figure out which market type each business fits into. Below you are given potential answers to questions 3 through 9 on each table and one example table. Please fill the whole table. 1. Business Thomas Law Offices 2. Industry 3. Size of Market 4. Number of Buyers 5. Number of Sellers 6. Product Type 7. Barriers to Entry 8. If high, why? 9. Market TypeFill in the table and use your answers to the questions to figure out which market type each business fits into. Below you are given potential answers to questions 3 through 9 on each table and one example table. Please fill in the whole table. 1. Business Microsoft circa 1995 2. Industry 3. Size of Market 4. Number of Buyers 5. Number of Sellers 6. Product Type 7. Barriers to Entry 8. If high, why? 9. Market TypeChoose a particular product and service market you are familiar with. Explain the market failures and whether FCDO might help?
- In which market structure there is a single seller?What is market concentration and market power and how are they measured?Fill in the table and use your answers to the questions to figure out which market type each business fits into. Below you are given potential answers to questions 3 through 9 on each table and one example table. Please fill in the whole table. 1. Business Verizon 2. Industry 3. Size of Market 4. Number of Buyers 5. Number of Sellers 6. Product Type 7. Barriers to Entry 8. If high, why? 9. Market Type
