Market structure
marketing
Description
Market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and consider two of the market characteristics of each market structure. One real-life example of a market structure in your local city and relate your case to each of the features of the market. How high entry barriers into a market will influence the long-run profitability of the firms. The competitive pressures that are present in markets with high barriers to entry. The price elasticity of demand in each market structure and its effect on pricing of its products in each market. How the role of the government affects each market structure’s ability to price its products. The effect of international trade on each market structure.
