Economic Factors - Assignment Example

Only on StudentShare

Extract of sample
Economic Factors

Industry A: 20 firms and a Concentration Ratio (CR) of 30% Name and some of the industry's characteristics An industry with 20 firms and a CR of 30% is called a low concentration industry. This is a type of industry in which its four largest firms control less than 50% of its market. According to Ruffinand Gregory (2000), this type of industry is monopolistically competitive and the market control gained by its four largest firms/industries is moderate. There are many firms producing a similar product. Prices are set through a contestable market model hence the decisions of one firm are not influenced by the decisions of another firm. The above is supported by the fact that in this industry, the key to success is the ability to offer products at a lower price (Weiss, 1989). Even of the sellers were few or even one, they would act as if they were many. Entry and exit from the industry is costless and new entrants are mainly attracted into the industry if a possession of market power if profitable. The pressures of competition help to prevent monopoly and keep the industry operating at a prices and outputs that are competitive. ...Show more

Summary

Economic Factors Abstract Before settling on a given type of company and drawing a business plan, it is important to understand the type of industry in which it will be operating under. This is mainly determined by the type of products that the company will be producing and the number of producers in the market who are producing similar types of products and targeting the same market…
Author : schusterkailyn
Save Your Time for More Important Things
Let us write a custom assignment on your topic
"Economic Factors"
with a personal 20% discount.
Find out more

Related Essays

What were the major factors in the establishment of the American colonies?
The same phenomenon about world history makes the future of the social world quite unpredictable. For instance it is quite difficult to predict whether technology would eventually fade off to give room for a new kind of world and social history.
12 pages (3000 words) Research Paper
Reasons of the speedy growing and futher problems of Indian Economic
The introduction shall spread wider to include: i. The present global economic trend ii. Effect of the current global economic trend on economic growth and stability of nations iii. Factors accounting for the current global economic trend iv. The role of India in the current global economic trend.
16 pages (4000 words) Research Paper
BG Group Plc Analysis
It has set its head quarters in Reading after the company came in the picture in 1996. The company currently operates in the 25 nations across the globe. The major business includes Liquefied Natural Gas (LNG). The company is the leading LNG supplier in the United States.
6 pages (1500 words) Coursework
Business Forecasting Using eViews
The business under analysis in this report is Roll Royce and the behaviour of its share prices. The figure shown below is the index time graph. The graph uses a large amount of data and this leads to a noisy graph, but the trend of the stocks is still visible.
6 pages (1500 words) Essay
Prejudice,stereotypes and discrimination
Some of the challenges that people experience in life include prejudice, discrimination and stereotyping. I believe that I am not the only one who has ever experienced these either as a recipient or perpetrator. To understand this better, it is imperative that I begin by defining what the terms prejudice, discrimination and stereotyping mean.
4 pages (1000 words) Essay
Paper critic for program evaluation
About 18.8% of South African individuals aged 15-49 are infected by HIV. It also estimated that more than half of the South Africans who attained the age 15 by 2006 will not live to see their 60th birthday. The article “School-Based Randomized Controlled Trial of an HIV/STD Risk-Reduction Intervention for South African Adolescents” by John B.
5 pages (1250 words) Research Paper
Robots in Manufacturing
Moreover, equipment deployed by business in manufacturing processes and operations need to be efficiently utilized to their maximum capacity to enhance profitability. This has been made possible through usage of robots for handling, running and managing machinery, tools and equipments (Mathur et al., pp.
7 pages (1750 words) Admission/Application Essay
Program Theory
However, it is important to note that this social polices/ programs will only become effective if the factors creating undesirable social outcome are correctly identified, and by implementing a strategy that is posed to have different set of outcomes that will positively affect each stakeholder in the society.
3 pages (750 words) Essay
Database design and SQL Light database creation
It also has a limitation while indicating the relationships among the data entities. This diagram can be highly improved so that it illustrates clearly all the relationships. This can only be achieved through the use of the
3 pages (750 words) Essay
Analogue Voltage/Ripple Generator
On the other hand, if the code is found to be wrong, the input value is read as the wrong key, the brightness of the LED reduces, signifying that the cabinet locks remains closed. The lock is designed as a series of LED bulbs as shown
5 pages (1250 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT