Introduction The world’s first all-optical notebook computer was launched in 2003 by Quasar. The Neutron is the result of revolutionary efforts by the company. The product processor and memory uses high-speed optical conductors that are five times the speed of existing microchip based companies. The Tata simulator exercise is an aid to decide which industry structure Quasar should use to increase profits‚ create competitive advantage and explores implications of each on business ventures. Market
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MARKET STRUCTURES What is a Market structure? In economics Market structure is the way the market is organized ‚ based largely on the number of firms in the industry‚ number of buyers and levels of competition ‚ for example Monopoly‚ oligopoly ‚ Perfect Competition. Monopolistic competition is the market structure is the market structure I am going to base this assignment on. Monopolistic Competition Monopolistic Competition is a type of imperfect competition such that producers
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one company with little competition. At the other end of the spectrum you have perfect competition‚ where the market is made up of about 100 small companies who would own about 1% of the market each. Towards the middle of the spectrum you have the oligopoly structure where the market is of about 4-10 companies who each control a big chunk each. Perfect competition describes how a set of companies aren’t big enough to control a big chunk of the economic market. There are 4 market characteristics of
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reduce their price? Oligopolists sometimes engage in price competition when other attempts to gain market share fail. The result is lower prices‚ increased output‚ and smaller profits. Since price competition is typically self-defeating in an oligopoly‚ rival firms usually attempt to differentiate their product to gain market share. 3. Dominos and Pizza Hut hold 66 percent of the delivered-pizza market. Should antitrust action be taken? Dominos-Pizza Hut merger resulted in a HHI value greater
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Calculate the 3 firm concentration ratio of this market. 3 firm concentration ratio = __________________________________________________________ This means: A highly concentrated market is a market which is dominated by a small number of firms (oligopoly) We say a market becomes more highly concentrated as fewer firms dominate a larger share of the market The Impact of Increased Concentration You need to be familiar with impact of increased market concentration on a market‚ and that this can be
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2. With reference to an industry of your choice‚ identify a real-world example of firms formally or tacitly engaging in collusion‚ taking care to fully explain the nature of the collusive conduct. Using the economic theory presented in class‚ analyse the drivers of collusion in your chosen case. Also‚ critically evaluate the effects of an eradication of collusion – which would strengthen the competition between these industry rivals – on both the welfare of consumers and the financial performance
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Tucker (2009‚178) believes that the most significant barrier to entry in an oligopoly is economies of scale. Economies of scale generally refer to the cost advantages that will be associated with large organizations. Margaretta (2012‚26) suggests that companies pursue economies of scale in the belief that this will be decisive in determining a competitive advantage and increased profitability. Woolworths enjoys significant economies of scale in relation to its competitors. In the supermarket industry
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Starbuck‚ W. H. and P. C. Nystrom. ’Designing and understanding organizations ’. In Nystrom‚ P. C. and W. H. Starbuck (eds)‚ Handbook of Organizational Design‚ vol. 1‚ Oxford University Press‚ New York‚ 1981‚ pp. ix-xxii. Stigler‚ G. J. ’A theory of oligopoly ’‚ Journal of Political Economy‚ 72‚ 1964‚ pp. 44-61. Thompson‚ J. D. Organizations in Action‚ McGrawHill‚ New York‚ 1967. Thorelli‚ H. B. ’Networks: between markets and hierarchies ’‚ Strategic ManagementJouirnal‚7‚ 1986‚ pp. 37-51. Venkatraman
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Micro Economic Essays These are some suggested micro economic essays. The essays are from different exam boards. In practise they ask similar questions so they will be helpful whatever your exam board. There are different ways to answer questions. But‚ all these answers contain enough material to get the top grade. Whenever the question requires evaluation‚ the essay contains the necessary critical distance. On the last page‚ there are some general tips for evaluation. Note: These essays are for
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Introduction People’s Bank is a multi-service financial institution that has grown to have assets reach nearly $12 billion. When it started in 1842‚ it opened as a general savings bank aimed at the blue-collar worker who wanted to save his/her money. Now People’s offers many services such as mortgage loans‚ credit cards‚ checking accounts‚ and investment advisory and brokerage services. People’s also offers many different ways in which to do your banking whether it be at the local branch‚ the supermarket
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