week 4 individual - Based on the paper below prepare a...

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Based on the paper below prepare a table that compares and contrasts the various characteristics of the four market structures, format a table as follows: k. Column headings should be the four market structures: 1) Perfect competition 2) Monopoly 3) Monopolistic competition 4) Oligopoly l. Use the following Row headings to help explain the basis for your market characterization: 1) An example of a organization 2) Goods or services produced by the organization 3) Barriers to entry 4) Numbers of organizations 5) Price elasticity of demand 6) Economic profits (Is there a presence of economic profits? Yes or no.)
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Differentiating between Market Structures The different market structures are shown in a simulation provided by University of Phoenix called “Differentiating between Market Structures” (UoP, 2008). The simulation is based on a transportation company called East-West Transportation Inc. “East-West Transportation has four major divisions for the various kinds of products it transports – Consumer Goods Division, Coal Division, and Chemicals Division Forest Products Division This paper will address the advantages and limitations of supply and demand, effectiveness of structure, and maximization of profits. The four divisions of East-West Transportation are operating in different market conditions; some have been profitable while others are losing revenue. The market structures represented are Perfect Competition, Monopoly, Oligopoly, and Monopolistic Competition. Two consultants offer their opinions throughout this simulation. Peter
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This note was uploaded on 05/14/2011 for the course MGT 449 taught by Professor Various during the Winter '08 term at University of Phoenix.

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week 4 individual - Based on the paper below prepare a...

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