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FORMS OF INDUSTRIAL ORGANIZATION

Essay specific features

 

Issue:

Business

 

Written by:

Anna H

 

Date added:

February 22, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1596

 

Was viewed:

3497 times

 

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Essay content:

The presence of monopolies, oligopolies, monopolistic competitions, and perfect competitions allow manufacturers to manage pricing accordingly. This paper will provide an example of a company for each of the four market situations and how pricing is affected by a company's status in these markets. Pure Competition Pure competition is defined as "the presence of a large number of firms producing a standardized product (that is, a product identical to that of other producers?)...
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New firms can enter or exit the industry very easily." (McConnell, p.413) Pure competition, although very rare will usually be found in markets that are selling agricultural goods, fish products, foreign exchange, basic metals, and stock shares (McConnell, p.415). The fast food industry appears to fall inline with McConnell's perspective...
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General issues of this essay:
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