Respond to the assigned questions using the lessons and vocabulary found in this reading.
Support your answers with examples and research and cite your research using APA format.
Respond to the following questions:
– You have just been hired by a company as an economist and strategic planner. Your company has asked you generate a report explaining the consequences of the market structure in which the company operates.
Assume that the market structure in an oligopoly. Explain to management how this structure could influence decision making, especially pricing, output, advertising, and the use of resources in a oligopolistic market, as compared to other market structures.
– Outlines what the kinked demand curve model of oligopoly seeks to explain. What are the major points of this theory? How does the kinked demand theory of oligopoly differ from other theories in terms of explaining the behavior of companies. your company if it is considered the dominant in the industries in term of price leadership. Suggest and justify whether any other role should be recommended.
– Price discrimination is the practice of charging different customers of groups of customer different prices for the same product. Why does prices discrimination occur?
Describe the conditions that mst be present for price discrimination to occur.
Analyze why and low price discrimination is practiced in the following markets:
– Airlines tickets
– Wholesale vs. retail markets
– Discount coupons.
Justify your choices with valid assumptions and logically driven arguments. Cite any sources using APA format.
Comment on this posting of two of your classmates.
Do you agree with their positions? why or why not?
Writing mechanics (spelling, grammar, APA) and information literacy.
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