Identify a firm which operates in monopolistic competitive environment and a firm which operates in an...

Identify a firm which operates in monopolistic competitive environment and a firm which operates in an oligopoly environment. Explain how you concluded the firm was monopolistic competitive or an oligopoly.

Then describe what are the challenges to profits faced by each firm? Which firm is likely to have a much higher rate of return? What challenges to profits arise due to supply chain and intermediary consumers such as processor and distributors.

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Explain why a newly hired worker at a firm that operates in a competitive environment could...

Explain why a newly hired worker at a firm that operates in a competitive environment could be satisfied with getting paid much less than her productivity during her first month while she gets general training. Explain why she might be less satisfied with this situation if the training is specific to the firm.

1) Which of the following is not true about a monopolistic competitive firm? there are many...

1) Which of the following is not true about a monopolistic competitive firm? there are many sellers and buyers firms sell slightly differentiated products barriers to entry make it prohibitively difficult for new firms to enter industry A and C 2) The monopolistic competitive firm is similar to a monopolist firm, insomuch as they always earn positive economic profits are both resource allocative efficient are price searchers are both characterized as having many sellers and buyers 3) True or false:...

Identify and describe the conditions you observed for Luxottica corporation which operates in Monopolistic Competition or...

Identify and describe the conditions you observed for Luxottica corporation which operates in Monopolistic Competition or a Differentiated Oligopoly who differentiates their product. You should also provide brief market analysis including the state of the market before and after the differentiation, as well as the observed changes that resulted. Specifically, the following questions should be addressed: What type of market structure was the product or service in when the differentiation occurred? What is the differentiation? Describe specifically what the differentiation...

A firm operates in a competitive industry, in which the price is $8 per unit. Its...

A firm operates in a competitive industry, in which the price is $8 per unit. Its fixed cost is $10 and its variable costs are given in the table. Output Variable Cost 1 2 2 3 3 5 4 10 5 16 6 24 7 35 8 48 Based on the information above, a) Compute the firm’s revenues, total costs, and marginal cost at each level of output (show in a table). 12 points b) Determine the profit-maximizing level of...

"Analyze a monopoly, oligopoly, monopolistic competitive firm, and perfectly competitive firm that you have recently purchased/consumed...

"Analyze a monopoly, oligopoly, monopolistic competitive firm, and perfectly competitive firm that you have recently purchased/consumed a good or service. Please make sure to relate your answers to the market characteristics of each of the market structure. Explain what market structure you would like to sell and buy products in".

Compare the market outcomes and economic welfare among a perfectly competitive firm, a monopolistic firm and...

Compare the market outcomes and economic welfare among a perfectly competitive firm, a monopolistic firm and an oligopolistic firm on: efficiency, consumer surplus, economic profit in the long run.

[2b] A monopolistic competitive firm has a temporary monopoly and then loses it and returns to...

[2b] A monopolistic competitive firm has a temporary monopoly and then loses it and returns to normal profit. Graph and explain both conditions.

Can you identify the characteristics of a monopolistic competitive market structure? What is an example of...

Can you identify the characteristics of a monopolistic competitive market structure? What is an example of a real-life monopolistic competitive market structure? Can you explain how a monopolistic competitive market structure determines its price and level of output? Please explain. Why do you suppose a monopolistic competitive market structure is one out of two predominant market structures in the United States? Please explain.

A monopolistic firm operates in two separate markets. No trade is possible between market A and...

A monopolistic firm operates in two separate markets. No trade is possible between market A and market B. The firm has calculated the demand functions for each market as follows: Market A p = 15 - Q; Market B p = 11 - Q The company estimates its total cost function to be TC = 4Q. Calculate the following: quantity, total revenue, and profit when the company maximizes its profit and charges the same price in both markets quantity, total...

In a perfectly competitive firm and a perfectly price discriminating monopolistic face the same demand and...

In a perfectly competitive firm and a perfectly price discriminating monopolistic face the same demand and cost curves, then a.the competitive firm will attain resource-allocative efficiency but the monopolist will not b.the competitive firm will attain resource allocative efficiency but the monopolist may or may not depending upon the demand for its product c.the competitive firm will not attain resource allocative efficiency but the monopolist will d.noth the competitive firm and the monopolist will attain resource allocative efficiency e.neither the...

Subjects