The following determine industry structure except A. The number of firms in an industry B. Conditions of entry C. Product differentiation D. Taste and Preference
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A. The number of firms in an industry
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B. Conditions of entry
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C. Product differentiation
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D. Taste and Preference
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- describe the types of market structure that exist in the tourism industry of Cyprus. Only Typing AnswerSee the graph below, Label and Describe in terms of : A.Name of Market Structure B.Ability to control prices C.Spending on advertising and marketing D. Pure profit, Normal profit or losses.Select one (1) of the market structures and identify two (2) products (not companies) that can be found in those structures. and justify the answer with a minimum, in one (1) paragraph of 5 to 6 sentences. Abounds in product features
- Read the descriptions of the businesses provided. Determine the type of market structure and explain why. 1. Bill's Salmon Supplier: Bill's Salmon Supplier sells fresh salmon to local seafood restaurants. Every morning Bill sails out to sea to catch salmon, and each afternoon he returns to sell his catch to local restaurants. There are hundreds of other fishers catching and selling salmon. Because the salmon Bill catches is just like the salmon caught by the other fishers, he can't raise his price. 2. Healthy and Hearty Soups: Healthy and Hearty Soups produces a variety of soups. There is considerable competition in the soup market. However, Healthy and Hearty Soups has spent several million dollars on an advertising campaign to convince consumers that their soups are healthier than all other soups. Because of this advertising, Healthy and Hearty Soups charges a higher price than other soups on the market. 3. County Cable: County Cable supplies cable access to all local…Our topic is Market Structure. Please help to explain if this business is likely to be more or less profitable than a large agricultural operation? ThanksMarket Structure Number of Firms Type of Product Sold Price Taker? Price Formula Freedom of Entry? Short-run Profit? Long-run Profit? Industry Examples Perfect Competition Choose an item. A.infinite B.many C.Few dominante firms D.One Choose an item. A.Unique B.differentiated C. Identical D.Differentiated or identical Choose an item. A.yes B. NO Choose an item. A.P=MC B.P>MC C.P<MC Choose an item. A. YES B.NO Choose an item. A.YES B.No Choose an item. A. Yes B. No [Insert two to three example industries that meet the criteria of the market structure.] Monopolistic Competition Choose an item. A. Infinte B.Many C. Few dominant firms D. One Choose an item. A. Unique B.Differentiated C. Identical D.Differentiated or Identical Choose an item. A. Yes B. No Choose an item. A.P=MC B.P>MC C. P<MC Choose an item. A. Yes B NO…
- What is the competitive structure of the firms listed below and why? A retail store selling clothing. It’s popular in the United States and competes with many rivals and faces intense price competition.Business Name: Industry: Market structure (4 market structure one company each): Market Condition: Price competition: Conclusion (choose what market structure applicable to you): Give 4 businesses and identify the industry they are in, market structure, market condition, price competition and conclusion.Evaluate the winery industry using the five assumptions of perfect competition. Make sure you give empirical evidence when possible (or what empirical evidence would be needed if not possible) in making your evaluation. Five assumptions are: 1. Large number of buyers and sellers; 2. No significant economies of scale; 3. Easy entry and exit (no entry barriers); 4. Homogenous product and 5. Perfect information).
- Government regulations related to competition in the industry helps to clearly establish a line between fair and unfair practices thereby promotive healthy competition. How can prove it?Topic: Market Structure 1.) Why Perfect Competition Usually Does Not Happen? 2.) Why is perfect competition is desirable ?Look for the definition of the following terms: 1. perfect competition 2. product homogeneity 3. free entry 4. price-taking behavior 5. competitive selection 6. monopolistic completion
