market structures 14.
sing the company that you have selected for your Assignments, respond to all of the below prompts:
- What market structure does your company exemplify, in your opinion?
- Justify your choice by answering the questions below:
- What is the approximate number of sellers in your market?
- What are the barriers entry for new competitors?
- How much market power does your company possess?
- How much differentiation is there between the products of your company and those of its competitors?
- How does your company’s market structure impact the options you have for pricing practices?