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- Oligopoly
Perfect Competition Monopolistic Competition
(1.b) For EACH of the three market structures that you have listed in (1.a), identify one (1) market or sector in the Australian construction industry that exemplifies that market structure.
(1.c) Briefly describe the main characteristics of one market structure listed in (1.a).
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- Principles of EconomicsTitle: Market Structure Analysis Objective: The objective of this assignment is to analyze and compare the market structures of a company that fits the definition of a monopoly, a monopolistic competition, and an oligopoly. Students will gain insights into the business strategies, market behavior, and implications for consumers and competition in different market structures. Instructions: 1) Company Selection - Each group should choose one company that clearly fits the definition of either a monopoly, monopolistic competition, or oligopoly. The selected companies can be local or international. 2) Market Structure Identification - Identify and describe the market structure in which each selected company operates. Provide evidence and reasons for classifying the company under the chosen market structure. 3) Characteristics Analysis - For each company, analyze and discuss the characteristics associated with its respective market structure. Consider factors…QUESTION 4 Which one of the following statements about inter-industry study in industrial organisation economics is not correct? A. It allows to study a crosssection of many industries, including comparing the same industries with varing sizes of markets. B. It is confined to studying a single industry, therefore does not allow variation in market size. C. It allows to study a crosssection of many industries, so that it is possible to investigate the relationship between market size and concentration. D. It allows to study a crosssection of many industries, including comparing the same industries in different countries.This assignment is designed to develop skills in collecting and assessing market information and presenting clear written communication about how market structure affects the conduct and performance of firms in an industry. Select one of the three oligopoly markets in Singapore: Telecommunications Supermarkets Ride-Hailing apps Your assignment should address the following questions: 1. 2. 3. How does the market structure (number of firms that compete in a market & relative size of the firms) affect the conduct or behaviour of firms in your chosen industry (price markups & amount spent on advertising) and their performance (profits)? Using one or more Oligopoly models (Sweezy, Cournot, Stackelberg, Bertrand), analyse how firms in your chosen industry make and respond to their competitors' output and pricing decisions. What are the pricing strategies (2nd degree, 3rd degree, Versioning, Bundling, Tying) that firms in your chosen industry implement, and discuss how…
- Industry A consists of four firms, each of which has an equal share of the market. Compute the Herfindahl-Hirschman index for the industry. Industry B consists of 10 firms, each of which has an equal share of the market. Compare the Herfindahl–Hirschman Indexes for the two industries. Now suppose that there are 100 firms in the industry, each with equal shares. What is the Herfindahl-Hirschman index for this industry? State the general relationship between the competitiveness of an industry and its Herfindahl-Hirschman indexCase Study Microsoft in India Microsoft made its name by building two monopolies, its Windows operating system and its Office suite of personal productivity software, that are used the world over. Windows, for example, runs on about 94 percent of the world’s personal computers. Despite its global dominance, however, Microsoft has found it difficult to get traction in many developing nations. India is a case in point. Although the country has a well-educated middle class, and although India is home to some of the world’s most successful information technology outsourcing companies, the vast majority of Indians do not have access to a personal computer. India has only 25 PCs per thousand people compared to 997 per thousand in the United States. The main reason for this is cost! Most Indians are simply too poor to afford a PC. Also, Microsoft’s Windows franchise faces two major competitors in India: pirated versions of Windows, and the free open source product Linux, which can be found…Case Study Microsoft in India Microsoft made its name by building two monopolies, its Windows operating system and its Office suite of personal productivity software, that are used the world over. Windows, for example, runs on about 94 percent of the world’s personal computers. Despite its global dominance, however, Microsoft has found it difficult to get traction in many developing nations. India is a case in point. Although the country has a well-educated middle class, and although India is home to some of the world’s most successful information technology outsourcing companies, the vast majority of Indians do not have access to a personal computer. India has only 25 PCs per thousand people compared to 997 per thousand in the United States. The main reason for this is cost! Most Indians are simply too poor to afford a PC. Also, Microsoft’s Windows franchise faces two major competitors in India: pirated versions of Windows, and the free open source product Linux, which can be…
- Asap Ten firms compete in a market to sell product X. The total sales of all firms selling the product are $1,500,000. Ranking the firms' sales from highest to lowest, we find the top four firms' sales to be $310,000, $235,000, $205,000, and $ 140,000, respectively. Calculate the four - firm concentration ratio in the market for product X. Instruction: Enter your response rounded to two decimal places.Duncan Multinational Corporation is a global manufacturer and distributor of household appliances. It is basedin China, United States, Trinidad, and the United Kingdom. Sixty percent (60%) of supplies are sent to variouscompaniesthroughout the four countries. It also markets its supplies through social media and brand ambassadorand retail clients can make orders over the phone and they ship the supplies upon demand.The main competition for Duncan Multinational Corporation comes from one U.S. firm and one Canadianfirm. The U.S firm and Canadian firm have approximately 45% market share in Barbados, Guyana andJamaica. The marketing and transportation costs in these countries are very high. How can high inflation rates be a demand-related factor, that may influence exchange rate movements in Jamaica and Barbados. (Tie your description to the specific Duncan Multinational Corporation case background provided here).Duncan Multinational Corporation is a global manufacturer and distributor of household appliances. It is basedin China, United States, Trinidad, and the United Kingdom. Sixty percent (60%) of supplies are sent to variouscompaniesthroughout the four countries. It also markets its supplies through social media and brand ambassadorand retail clients can make orders over the phone and they ship the supplies upon demand.The main competition for Duncan Multinational Corporation comes from one U.S. firm and one Canadianfirm. The U.S firm and Canadian firm have approximately 45% market share in Barbados, Guyana andJamaica. The marketing and transportation costs in these countries are very high.b) Does the most important factor influencing exchange rates in your Jamaica which is inflation and negative current balance differ from those that may apply in larger economies?