Student’s ID : Batch No : Assignment Topic: In the course of venturing into and/or conducting its business‚ a firm may fit into one form of the market structure types of pure competition‚ monopolistic competition‚ oligopoly and monopoly. In each of the four market structure types‚ analyse and evaluate the Structure-Conduct-Performance paradigm strategies a firm should pursue to sustain and improve on its profitability as much as possible. In the course of writing your assignment
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I. Introduction Meralco is a natural monopoly. Natural monopoly exists when a firm is able to supply the total market demand more efficiently because of economies of scale that allow the firm to lower its cost as it expands capacity. However‚ like any firm in a market situation where there is imperfect competition or in a less-than-competitive market‚ a natural-monopoly firm‚ when left to its own‚ tends to limit its output to a point where its marginal cost equals its marginal revenue but charge
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Question 1 : Inflation is a global Phenomenon which is associated with high price causes decline in the value for money. It exists when the amount of money in the country is in excess of the physical volume of goods and services. Explain the reasons for this monetary phenomenon. Define Inflation Ans :- Inflation is the percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively measures the change in the prices of a basket of goods and services in
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Below are examples of pricing and other decisions which were taken for this product in various market structures. Pure Monopoly An industry is a “monopoly” when there is one firm supplying the market. (Custom text‚ 2012‚ p. 72) Quasar‚ being the only seller for the new and unique computer technology‚ established a monopoly market structure for their system. In a pure monopoly‚ profit expansion occurs where marginal cost and marginal revenue parallel each other (p. 72). In this scenario‚ Quasar objective
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laws proscribe unlawful mergers and business practices in general terms‚ leaving courts to decide which ones are illegal based on the facts of each case.” Microsoft and Intel were creating as it would seem a perfect partnership‚ and an even better Monopoly. Microsoft used anti-competitive practices to keep its leading edge on the market. Microsoft and Intel were closely related in fact and law. Of course‚ Microsoft denied any allegations and sought to defend its business practices and reputation
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the entire industry worldwide‚ from exploration to retail selling. However‚ it has a reputation of a monopolist‚ where it influences supply and demand. The two critical factors that De Beers carefully maintained throughout the century to remain in monopoly was to create the illusion of the scarcity of the diamonds and to keep the prices high. Realizing the benefits of the cooperation and the dangers of the oversupply‚ most diamond-producing states signed contracts with the De beers to form the cartel
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should take over the firm(s) at the successive retail stage. Explain the circumstances under which such a takeover raises the profits of the monopoly producer. Also‚ discuss why vertical integration might not increase the profits of the producer. It is commonly believed that vertical integration is an attempt to create monopoly and to seek rents. Monopoly theories of vertical integration explain it as the instrument of price discrimination and the creation of entry barriers. Alternatively economic
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comfortable with‚ any topics they struggled with‚ and how the topics relate to their field. The areas we discussed were: Production Costs and Revenues‚ Monopolistic Competition‚ Innovation and Technology‚ Determinant of Supply‚ and the Regulation of Monopoly. The following is a compilation of Learning Team D’s opinions of the objectives. Production Costs and Revenue Marginal Production Costs and Revenues are areas that are common in many types of businesses and markets. Throughout my limited years
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MB0042 MANAGERIAL ECONOMICS Q. Inflation is a global Phenomenon which is associated with high price causes decline in the value for money. It exists when the amount of money in the country is in excess of the physical volume of goods and services. Explain the reasons for this monetary phenomenon 1. Define Inflation 2. Causes for Inflation ANS: (1) Inflation is a situation of substantial and rapid increase in the level of prices and consequent deterioration in the value of money over a period of
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15 Effects On Consumers ................................................................................................ 17 Court of Appeals Decision ......................................................................................... 19 7.1 Analysis of the Court of Appeals Decision ......................................................... 20 1. Monopolization of the operating systems market for PCs .................................. 20 2. Attempting to monopolize the Internet browser market
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