Differentiating Between Market Structures

Differentiating Between trade Structures Table ECO/365 Version 4 1 University of Phoenix Material Differentiating Between Market Structures Table correspond the four merchandise organises by filling in the table. faultless competition Monopoly Monopolistic competition Oligopoly Example organization get O Lakes Inc. Greystone part Company P F Changs Delta Airlines Goods or services produced by the organization Butter, Margerine, Cheese, cream off products, consume manu eventuring, swine, seed, and agronomy Residential electricity service Gourmet Chinese food Transoportation Barriers to entry actually low, especially in the U.S lam manufacturing sector where that industry is very fragmented Extremely awkward for new alloters to inclose this grocery Allows for several sellers to arrive the market and for exisiting sellers to leave the market Number of organizations At least half(prenominal) a dozen national dairy competitors . Countless petty farmer market-gardening companies. No direct competition in the fulton county field of battle to look at from Large number of extremely belligerent small inviolables equipment casualty elasticity of demand The demand curved shape is represented with a straightaway/Straight Line.

This is due to the fact that in this market structure Land O Lakes takes the market price as given. No matter how much product by one superstar farmer, one would not be able to affect the market price. The demand curve is descending(prenominal) sloping..high influence on the change price, which results i n maximizing profits. relatively elastic..! has the ability to raise or lower prices.. Can sell a wide weave of output within a narrow range of prices.. Is there a presence of frugal profits? Over fourth dimension more farmers or agriculture companies result continue to enter the dairy & kick in buisness. In turn, constant entry will always solve economic profits into the industry. The fact that this compositors case of structuve maximizes and controls total output, it allows the firm to control price which maximizes collective...If you want to get off a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper