Question

Using the models and theories of either (1) market structure, conduct and performance, (2) game theory or (3) the boundary of the firm, perform a microeconomic analysis of one appropriate economic issue or phenomenon of your choice. Clearly explain your chosen question, method and conclusions. Comment on the link between market structure and performance for your chosen issue. what are some issues or phenomenoms i could discuss for (1) market structure, conduct and performance, (2) game theory or (3) the boundary of the firm. Thank you

Answer 1

We have taken the following issue ''Effect on the Australian Meat market as a result of COVID - 19''.

The Market Structure Conduct and hypothesis (SPC) Approach dependent on upon the neoclassical hypothesis has for some time been vital to the investigation of industrial economics. SPC hypothesizes easygoing structure of a market, the lead of firms in the market and afterward monetary execution.

SPC hypothesis is itself a strategy for quality control which utilizes measurable strategies to screen and control a cycle. This assists with guaranteeing that the cycle works proficiently delivering more determination adjusting item with less waste .

Common factors indicates that more serious market structure go with better market execution and that firm direct and industry explicit components assume free jobs. It is at this point mother's milk to the industrial economist that market structure is as much an endogenous variable as market execution.

We are essentially worried about the use of the idea of pricing production and cost to the connection between the firm and the buyer.

Australian meat exports are presently down by 3% for the schedule year to June with this hole prone to augment in the coming months. Mutton and lamb trades have likewise declined 19% and 12% individually in the schedule year to date on the rear of more tight supply.

Pandemic effect guidance for food and decreased interest for Australian meat exports vigorously.

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