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arlik [135]
3 years ago
14

1. What are the market structures a firm competes in?

Business
1 answer:
elena-s [515]3 years ago
8 0

<u>Answer:</u>

1. There are four market structures they are perfect competition, monopolistic competition, monopoly  and oligopoly market.

2. In perfect competition there are numerous firms producing identical goods and they cannot influence the market price as they do not have the market power. Monopolistic market structures also have many firms producing similar products but they are slightly differentiated products. They can influence the prices to certain extent.

In monopoly market there is only one producer of the good and he has market power and the price control. There is no substitute for this product. Oligopoly market has two or more sellers of similar products they collectively take up the market prices and influence the market.

3. Perfect competition Eg consumer goods like soaps, monopolistic competition Eg Froot loops and Apple jacks, monopoly Eg Monsanto corn harvesting company and oligopoly market Eg Microsoft and sony in gaming industry.

4. Price taker means firm accepting the price that is already in the market and does not have ample market share to influence the prices of the products in the market.

5. Market power is the company's ability to hold premium level prices and manipulate the prices and supply of the product in the market.

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Alexandra [31]

The economic theories that were most clearly applied by the Federal Reserve in response to the economic crisis were based on the theories of Keynes and Friedman.

<h3>
What were the theories of Keynes and Friedman?</h3>

They both believed that aggregate demand can be influenced by government policies and help an ailing economy to recover.

Hence, we can see that from the complete information, the Federal Reserve made use of their theories to intervene and they did this by the use of monetary policy to increase the money supply.

Read more about Keynes and Friedman here:

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g You own shares of a company that reported after-tax earnings of $29 million and has issued 2 million shares of stock. The comp
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An organization's culture can be changed when managers pay attention to which <u>stories</u> are used as narratives to symbolize the organization's vision and values to employees.

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A manager refers to an individual who is saddled with the responsibility of providing support, guidance, administrative control, supervision, as well as acting as a role model (example) to the employees working in an organization especially by being morally upright and promoting the organization's culture, vison, and values at all times.

This ultimately implies that, an organization's culture can be changed when managers pay attention to which <u>stories</u> are used as narratives to symbolize the organization's vision and values to employees.

Read more on managers here: brainly.com/question/24553900

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