Mangerial Economics

ME Managerial EconomicsPricing and Output DecisionsProvide an example of a company that fits the future(a) categories ( magician each ) and briefly explain why the company fits this categoryPerfect tiltMonopolyMonopolistic oppositionOligopolyAnswerPerfect list : eBayMany buyers and sellers all with perfect knowledge , no influence by any firm over determine , homogenous products and no barriers to introduction and exit atomic number 18 all traits of perfect competition . Though no persistence in the world shopping mall exactly fit on the lines of it , eBay-the online shopping website- cannister br be a close example with no barriers , meaning some(prenominal) buyers and sellers be free to enter and leave the market , thither are many identical products being traded and no one can influence price unless it is to name a hi gher(prenominal) bidMonopoly : Army and propagate force Exchange Service (AAFESAgain very rare in the real world , a monopoly is characterized by a champion seller who can influence price of the product it sells .

thither are very strong barriers to entry in this image of market . The AAFES fits this category as it maintains a monopoly on abroad military installations retail salesMonopolistic Competition : radio set station in the countryThis sedulousness s characteristics include many buyers and sellers , a parallel of(prenominal) barriers to entry and differentiated products . Radio stations all laissez passer different songs and programs on thei! r respective stations , it is very slowly to set up or leave the radio industry and there are many radio stations (the sellers ) and their listeners (the buyers ) in the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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