Assignment week 4 eco212

Assignment week 4 eco212 - A perfect competitive market is...

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M a r k e t s t r u c t u r e s a n d m a x i m i z i n g p r o f i t s - P a g e | 1 Market structures and maximizing profits Axia College – XECO 212 Zac Worley July 22, 2010
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M a r k e t s t r u c t u r e s a n d m a x i m i z i n g p r o f i t s - P a g e | 2 In the end, successful economy possesses a mixed bag of structures depending upon the type of goods and resources that are being tracked. Sometimes monopolies can’t be avoided based upon the nature of business and the type of product that’s being offered. Fortunately for the consumer if a company wants to maintain a high profit margin they will do what’s in the best interest for both the consumer and company in the state of a monopoly.
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Unformatted text preview: A perfect competitive market is what a consumer can hope for if they are going to receive the most for their money within the economy. In richer nations this scenario is often realized based upon the demands of the consumer. Most consumers demand variety and in order for firms to make their clients happy they will try their best to be competitive but like any business they are in business to make money. The firms will try to create or maintain an oligopoly when they can but competition can quickly make this impossible. Because an economy is ever changing all of these scenarios are present in successful economies....
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This note was uploaded on 08/21/2011 for the course BUS 101 taught by Professor Doe during the Spring '10 term at University of Phoenix.

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Assignment week 4 eco212 - A perfect competitive market is...

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