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Car brands are a part of ___________ type of market structure
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- Q3 solution needed company: Amazon 1) Choose one product and identify its market structure among a perfectly competitive, monopoly, monopolistically competitive, and oligopoly and explain why. Product: Perfectly competitive: Monopoly: Monopolistically competitive: Oligopoly: 2) Choose one company for your product and describe its history and at least three unique characteristics of that company. The company for my product that I have chosen is ________. _____’s notable historical moments include ________. Three unique characteristics of _______ include _______. 3) Show and describe historical data on its quantities produced (sales), its price, and its revenue at least 10 years.Ford's Chevrolet's Ford’s Chevrolet’s Selling Selling Profits Profits Price Price (millions) (millions) $ 4,000 $ 4,000 $ 8 $ 8 4,000 8,000 12 6 4,000 12,000 14 2 8,000 4,000 6 12 8,000 8,000 10 10 8,000 12,000 12…._______ A person or organization purchasing a franchise.
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- 1.Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market for personal computer operating systems stood above 80 per cent. However, since the twenty-first century Microsoft’s market share has steadily declined to 40 per cent. This is due to the rise in competing software producers such as Apple macOS (10%), Google's Android OS (35%), Linux Operating System (35%), and Apple iOS (5%). The market share of each company is provided in parentheses. Google and Linux have decided that it would be in their best interest to work together to serve the market. This is not common knowledge to the person’s outside of the companies. i. Draw how equilibrium price and quantity are determined in this industry. Hi does this refer to the monopoly market structure diagrams? 2. Allsmart’s demand curve is given by Q=10-P for its dishwashers. The marginal and average cost is $3 per dishwasher produced. Complete the following table. Photo below concerns…Economics Name Date Pd Market Structures SSEMI4 The student will explain the organization and role of business, and analyze the four types of market structures in the U.S. economy. c. Identify the basic characteristics of monopoly, oligopoly, monopolistic competition & pure competition --Use the notes on Verge to fill in the chart Price Setting Power (easy, difficult, (control over price none, a lot, etc.) Market # of firms in industry (many, few, etc.) Differentiated or Ease of Entry Use of Non Price Homogeneous Structure Competition (yes/no) Product/Service etc.) Еxamples Pure or Perfect Competition Monopolistic Competition Oligopoly Geographic- Monopoly Technological- Natural-A perfectly competitive firm would produce______________________________________if it wanted to maximize its profit: Answers: A. the output where MC equals price, the marginal revenue B. the output where the ATC curve is at a minimum C. as much output as it is able to produce D. the output where the marginal cost curve is at a minimum