market structures 14

by

sing the company that you have selected for your Assignments, respond to all of the below prompts:

  • What market structure does your company exemplify, in your opinion?
  • Justify your choice by answering the questions below:
    • What is the approximate number of sellers in your market?
    • What are the barriers entry for new competitors?
    • How much market power does your company possess?
    • How much differentiation is there between the products of your company and those of its competitors?
  • How does your company’s market structure impact the options you have for pricing practices?