Discuss Characteristics of the Various Market Structures The market structures influence how price and output decisions are made by the firms in their respective structure.

Characteristics of the Various Market Structures

The market structures influence how price and output decisions are made by the firms in their respective structure. In all market structures, one of the primary goals is to maximize profits or minimize losses.

One of the major differences between these market structures is how price and output decisions are made, which in turn depends on the characteristics of each market structure. There are four market structures:

  1. Perfect competition
  2. Monopolistic competition
  3. Oligopoly
  4. Monopoly

Tasks:

  1. Using Template A, construct a table that describes the various characteristics of each market structure. 
  2. Identify a firm for each of these market structures and explain why each firm belongs in the market structure identified.
  3. Using Microsoft Excel, construct a graph for each of the market structures and explain how price and output decisions are made in each structure and how they differ.
  4. How is marginal analysis used in the price and output decisions of firms in the various market structures?

Template A:

 

Perfect

Competition

Monopolistic

Competition

Oligopoly

Monopoly

 

 
Number of Firms        
Pricing Decisions        
Output Decisions        
 
Profit        
Demand Curve        
Ease of Entry        
Product Differentiation        

Deliverables:

  • Prepare a 5-10 page Microsoft Word document that includes the tasks noted above and meets APA standards.
  • Include a summary section in your report that contains 5-7 bullet pointsidentifying your major findings or conclusions of your paper. 

All submissions must be original and all resources must be acknowledged.

Type of paper Academic level Subject area
Number of pages Paper urgency Cost per page:
 Total:

Last Completed Projects

# topic title discipline academic level pages delivered
6
Writer's choice
Business
University
2
1 hour 32 min
7
Wise Approach to
Philosophy
College
2
2 hours 19 min
8
1980's and 1990
History
College
3
2 hours 20 min
9
pick the best topic
Finance
School
2
2 hours 27 min
10
finance for leisure
Finance
University
12
2 hours 36 min