Nobody downloaded yet

Auto Edges Market Structure - Coursework Example

Comments (0) Cite this document
Summary
This research is being carried out to categorize the automobile industry and thus Auto Edge. This study also will study the inherent characteristics of the individual market structures. In a perfect competition, the economic factors must all be available…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92% of users find it useful
Auto Edges Market Structure
Read TextPreview

Extract of sample "Auto Edges Market Structure"

Download file to see previous pages It is evidently clear from the discussion that a market structure will, therefore, be built around factors like the entry and exit, the extent of the government involvement, mechanisms of pricing (is the firm a price taker or giver), the number of players, the elasticity of demand, and the profits. Other market structures are such as, the monopolistic competition (where the products are differentiated either by quality or brand and, which a firm takes the price charged by its rivals as given completely ignoring the effects of its own prices on others). Monopoly (this is the price maker and the producer exists in the market alone), monopsony (where there is only a single buyer in the given market). In a monopoly, factors such as the economies of scale, acts of parliament, high initial investment amount, to mention but a few, might contribute to their establishment and thrive. So, what market structure does the automobile fit in? Oligopoly is seen to be the most prevalent kind of market organization in the manufacturing sector in most countries. Auto Edge fits in the oligopolistic competition market structure. Oligopoly is defined as a form of the market structure where there are few sellers of a homogenous or sometimes differentiated product. When there are two sellers only, the structure is then called a duopoly. When the product being sold is just homogenous, then we have a pure oligopoly and when the products pass for differentiated, it is then classified as a differentiated oligopoly. Because there are few firms selling a differentiated or homogenous product in oligopolistic markets, the activities of one firm affect the other firms in the industry. For example, when General Motors had price rebates in the sale of its automobiles, Ford immediately followed with its own price rebates. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Auto Edges Market Structure Coursework Example | Topics and Well Written Essays - 1250 words, n.d.)
Auto Edges Market Structure Coursework Example | Topics and Well Written Essays - 1250 words. Retrieved from https://studentshare.org/marketing/1856517-phase-2-individual-project-econ
(Auto Edges Market Structure Coursework Example | Topics and Well Written Essays - 1250 Words)
Auto Edges Market Structure Coursework Example | Topics and Well Written Essays - 1250 Words. https://studentshare.org/marketing/1856517-phase-2-individual-project-econ.
“Auto Edges Market Structure Coursework Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/marketing/1856517-phase-2-individual-project-econ.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Auto Edges Market Structure

Market structure

...?Running Head: MARKET STRUCTURE School: Topic: Market Structure Lecturer: presented: Q1: Perfectly Competitive Market There is different market conditions under which firms sell goods and services referred to as market structures. These describe the main aspects of markets such as the products sold, the number of firms, and ease of entry and exit. The different market structures include: perfect competition, monopoly, monopolistic competition, and oligopoly. A perfectly competitive market is characterized by various features which in most...
7 Pages(1750 words)Essay

Market Structure

...works and who are the key players, how external events are affecting the firms and how prices are set up. What is also significant to understand that the article discusses how the services are packaged together with the goods to deliver a unique combination of offering to the consumers? This combination of selling the services and goods as the bundled products are changing the way traditionally goods and services are being offered. This article discusses also the strategies of the leading players in the market and how the competition between them is shaping the future of the industry. This paper will discuss the market structure described in the article, how the externalities,...
5 Pages(1250 words)Essay

Market structure

...– 45. Another market segment could be a foreign market base, the youth market, and potential additional markets like comedy fans. Basic objectives for marketing the Spangles branded candy would be to increase product awareness by 20% in the first year, revive the popular side within the first 6 months, decrease customer resistance to buying our product, which would lead to a 50-100 percent increase in sales within the first year. To accomplish these goals we will need to introduce a valid marketing strategy. In the case of this candy we will want to use focused insertion, and narrow advertising structures. It will be...
4 Pages(1000 words)Essay

Market structure

..., customers can be prevented from accessing loans if they do not qualify in terms of their ability to pay. The services that the bank provides are also non-rival because one person’s use of the service does not reduce other persons’ use of the service. It therefore means that Bank of America is not a natural monopoly because it is non excludable. Neither does the institution provide a private good because its services are non-rival. It also does not qualify as a common resource because it is a rival good. It is therefore implies that the services of Bank of America is a Public good which all customer can benefit from in some way. The Bank does not exclude any one from accessing its services. Explain how labor market...
2 Pages(500 words)Essay

Market Structure

...? MICROECONOMICS – MARKET STRUCTURES INTRODUCTION: The purpose of this paper is to comprehensively analyze the characteristics of various market structures namely; perfect competition, monopolistic competition, oligopoly and monopoly. The paper also aims to answer critical questions related to the aforementioned market structures to establish which conditions and characteristics of a market structure make it suitable and most preferable for buying and selling of products. The paper follows the description of major market structures present in the study of economics based...
9 Pages(2250 words)Research Paper

Market Structure

...? RUNNING HEAD: Market Structures Market Structures Submitted By: Submitted Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure. Perfect Competition: A market is said to be in perfect competition when there are a large number of buyers and sellers perfectly aware of the market prices, and no firm is large enough to have any economic power over the industry (“Dewett, 1983”). The two main characteristics of a...
8 Pages(2000 words)Research Paper

Market Structure

...? Market Structures Introduction The theory of market structures seeks to identify the characteristics of demand and supply in different markets or economies under various circumstances. Presumably, the various market structures devolve different characteristics to the price elasticity factors in the market and often affect the economic development and planning programs. Arguably, there are varied market structures in every market and their characteristics in presenting quantity and imposing prices upon the units affect consumption patterns and the buyer...
8 Pages(2000 words)Essay

Market structure

... Market structures The perfect competition market structure is a situation in which traders sell homogenous products, have no artificial entrants and exists to the market and producers are so many that they have no effect on market outcomes. No such industry exists in reality but the ideas and concepts are useful in analyzing how markets are supposed to work. Conversely, monopolistic competition structure is one in which small but many players exist. These numerous players only exert a small degree of control in the market. Furthermore, even though the players operate within the same industry, they tend to sell products that are not identical to one another. This implies that product differentiation exists and each one is capable... of...
8 Pages(2000 words)Research Paper

Market Structure

...The merge between Oracle and PeopleSoft will help the consumers in the long run because both companies are leaders in the industry and their cooperation will result in better products and cheaper prices for the end users. After reading the first article, the impression that Oracle wants to merge with PeopleSoft for any cost raises some hesitation whether the company takes into account the needs of consumers or is willing to extend its operations and gain market share through elimination of one of the major competitors. However, PeopleSoft producers the specialized software programs for managing human resources while Oracle has a different specialization. So why would Oracle need this merge As Ellison has noted, Oracle...
2 Pages(500 words)Essay

Market Structure

... of the product offered by the company. Monopolistic Competition This sort of market structure is quite rare in the present day context. It is particular market structure where there involves imperfect competition amid the players as all the players existed in the market deal with different products further reducing the level of competition amid themselves. In such market structure, there are no perfect substitutes that one company can emerge with for the products of the other players which further reduce the threat of substitutes. In the monopolistic market structure, the players take into concern the pricing approach of the competitors while framing its own pricing strategy into to get a competitive edge over... ...
10 Pages(2500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic Auto Edges Market Structure for FREE!

Contact Us