Assignment Question
Amazon Purpose: The purpose of this assignment is to help you learn to: Describe the impact of imperfect information on decisions made by firms. Compare the key characteristics of market structures, including perfect competition, monopolistic competition, oligopoly, duopoly, and monopoly. Evaluate the extent of a company’s market power. Describe government regulations of less than competitive market structures and firms. Identify how changes in supply, demand, and government regulations affect market outcomes. Evaluate the role of sustainability on your company and on its stream of revenue. Overview In order for a company to be successful, it is essential to understand the market structure and the business environment it operates in. In this paper, you will identify your company’s type of market, its major characteristics, and its price dynamics. Completing this assignment requires that you make yourself familiar with the relationships among the revenues, costs, profits, and profit-maximizing decisions for each of the market types. You will need to determine which type most closely fits your company’s situation and justify your decision. You will also investigate one of the most important topics in the world today: sustainability. Successful companies seek to innovate and adapt to the rising challenge of the depletion of natural resources, to find opportunities to utilize recyclables, and to assess the impact of their decisions on the broader environment.
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