Select two publicly traded firms in the USA, each from a different market struct
ID: 1156481 • Letter: S
Question
Select two publicly traded firms in the USA, each from a different market structures (select from Monopoly, Oligopoly, or Monopolistically Competitive firms). After researching the firms carefully, compare and contrast them in terms of: ? The control over they exercise over the price of their good in the market ? What are the Barriers to entry that each firm experiences? ? The role of Advertising for each firm ? The firms’ demand curve ? Types of goods produced by each firm ? Economic profits for the firm- in both the short run and long run
Explanation / Answer
in short run a firm can make positive profits in any form of market it maybe perfect competition when price selected by industry is higher than average total cost, it can be monopoly when AR curve is above average total cost curve at point of maximization etc.
so answer here is point 3rd
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