Part of the cost data of TNBC plc, has been keyed into the computer as a table below by the person in charge of accounts. Because he has resigned, you have been called to fill up the blanks in the firms' cost data.
Count and fill in the cost that is missing from the table above
There are many different market structures in the economy. Please answer the following questions for each of the market structure below.
1. Perfect Competition Market
2. Monopoly Market
3. Monopolistic Competition Market
4. Oligopoly Market
a) Explain the characteristics of the market structure.
b) Choose a company as the example of the market structure and explain the reasons you choose this company.
c) Compare the market structure with another market structure.
d) Explain how the market structure can achieve maximum profit in short run.