Research three different models of competition between firms that are highly int

Question

Research three different models of competition between firms that are highly interdependent (note: there are over a dozen so you should have no problem finding many different models to examine). Discuss the similarities and differences between these special models. Be sure to explain the different circumstances where one model might be more appropriate to use than another. Write up your report in a 500 to 750 word APA formatted paper (What I really want to know is what exactly I'm researching the instructions confuse me)

Explanation / Answer

BASICALLY THE QUESTION IS ABOUT THE DIFFERENT TYPE OF MARKET STRUCTURES THAT ARE FOUND IN THE WORLD. BASED ON THE NUMBER OF FIRMS AND INTERDEPENDENCE WE CAN HAVE FOUR TYPES OF DUOPOLY MARKETS VIZ. COURNOT'S DUOPOLY, CHAMBERLAIN DUOPOLY, BERTRAND'S DUOPOLY AND EDGEWORTH DUOPOLY. AGAIN IF WE MOVE AHEAD WE HAVE OLIGOPOLY MARKETS THEY ARE OF THE FOLLOWING TYPES VIZ. DUOPOLY,PERFECT OLIGOPOLY, IMPERFECT OLIGOPOLY, COLLUSIVE OLIGOPOLY, AND NON COLLUSIVE OLIGOPOLY.

SO WE CAN PICK UP ANY OF THE THREE FROM ABOVE AND EASILY FIND OUT THEIR SIMILARITIES AND DIFFERENCES. AGAIN THE BEST USE CAN BE SEEN FROM THE REAL WORLD EXAMPLES FOR EACH TYPE OF MARKET SITUATION. LIKE SAY IMPERFECT OLIGOPOLY AND PERFECT OLIGOPOLY, OVER HERE THE PRODUCTS ARE SUBSTITUTES FOR EACH OTHER JUST LIKE IMPERFECT OLIGOPOLY BUT IN THE FIRST CASE THEY ARE PERFECT SUBSTITUTES AND IN THE SECOND CASE THEY ARE CLOSE SUBSTITUTES. ALTHOUGH PERFECT OLIGOPOLY EXISTS RARELY IN THE MARKET BUT THEN WE HAVE CEMENT, ALUMINUM, ETC. AS AN EXAMPLE. IMPERFECT OLIGOPOLY AE FOUND IN CASE OF CARS, CIGARETTES, SOFT DRINKS, ETC.

IN THE SAME WAY WE CAN FOUND TWO MORE FROM THE ABOVE LIST.

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