Market Structures
Simulation Table
Perfect Competition
Monopoly
Monopolistic Competition
Oligopoly
Open Source Software
Microsoft
Apple
Health Care Insurance
Goods/services
Linux (O/S)
Operating System
O/S, Devices
Insurance
Barriers to Entry
Medium
Number of Organizations
Few
Few
Medium
Few
Price Elasticity
Limited
Medium
Economic Profit
Limited
Apple Inc. -- Market Structure
There are different perspectives in which to view Apple's market structure since they operate in so many different markets. One perspective could be from an internal approach, in which the organization could be perceived as somewhat monopolistic since their hardware and software is "closed" sourced. Apple protects its proprietary hardware and software and does not willingly provide their source code to unapproved developers. Therefore, it could be said that Apple has monopoly control over the goods, services, and software that will work with its products. This allows the organization to charge a considerable premium for many of its products; especially the accessories that work with main products.
However, when considering the perspective that includes the entire market...
There is a near limitless supply of snack food available at any gas station, grocery store and convenience store in America, including packages pretzel products. With this many potential competitors, Auntie Anne's Hand Rolled Soft Pretzels must compete vigorously. The competitors range from very large, well-financed competitors with rock-solid brands to mom-and-pop operators and small businesses. Some sell products at a premium, while others are cost leaders. This is
With respect to its operations, Verizon Wireless is unparalleled. Indeed, it "is one of the strongest competitors due to the foundation of its large nationwide service area and strong customer base. With two quarters of 1.9 million net additions, it has set the bar for competitors to reach." (BW, 1) This is based on a convergence of extremely visible advertising tactics via television, radio, billboard and sponsorship with a service
Market Structure McDonalds Market Structure: Mc Donald's Corporation Mc Donald's Corporation What type of market do you think your franchise operates (perfectly competitive, monopoly, monopolistically competitive, oligopoly)? What are the specific characteristics that make it this type of firm? Mc Donald's is one of world's largest chain of fast food operates in more than 119 countries worldwide with a customer base of 47 million customers. Each outlet is operated by a franchisee or an affiliate
Market Structures: Market structure is described as the institutional or organizational attributes and characteristics of a market. In most cases, the market structures mainly focus on the characteristics that impact the nature of pricing and competition through it's not important to major simply on the market share of the existing companies in a particular industry. Some of the most common market features include the number of companies, the nature of
market structures in detail and analyses the pricing strategies that the firms have to undertake when they operate in different regimes. The case study on Toyota is considered next, which indicates that firms competing in various structures does not only have to focus on price and quantity ceteris paribus, they also have to consider external and internal variables that have a bearing on these decisions. Introduction to Market Structures Market structures
Market Structures Table Compare the four market structures by filling in the table. Perfect competition Monopoly Monopolistic competition Oligopoly Example organization Hair Shampoo Companies Saudi Arabian Oil Cereal companies Cell phone companies Goods or services produced by the organization Hair products Oil and gas Breakfast cereals and comparable products Cell phones Barriers to entry Chemistry knowledge Raw materials few Technology Number of organizations Many Few Few Few Price elasticity of demand Is there a presence of economic profits? yes yes Based on the details available to you in the strategic plan, marketing overview, market surveys, and other
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