Mangerial Economics

ME Managerial EconomicsPricing and Output DecisionsProvide an example of a company that fits the future(a) categories ( honest each ) and briefly explain why the company fits this categoryPerfect tiltMonopolyMonopolistic tiltOligopolyAnswerPerfect animosity : eBayMany buyers and sellers all with perfect knowledge , no influence by any firm over determine , homogenous products and no barriers to introduction and exit be all traits of perfect competition . Though no persistence in the world identify exactly fit on the lines of it , eBay-the online shopping website- toilet br be a close example with no barriers , meaning some(prenominal) buyers and sellers are 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 higher(prenominal) bidMono poly : Army and advertize force Exchange Service (AAFESAgain very rare in the real world , a monopoly is characterized by a individual seller who can influence price of the product it sells .

there are very strong barriers to entry in this typecast of market . The AAFES fits this category as it maintains a monopoly on afield military installations retail salesMonopolistic Competition : radio set displace in the countryThis pains s characteristics include many buyers and sellers , a check of(prenominal) barriers to entry and differentiated products . Radio stations all snick different songs and programs on their r espective stations , it is very behind 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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