Question: Please help! Please make the explanations high school level!! Thank you again Comparing Market Structures Scenarios: Read the descriptions provided. Analyze each description and identify

Please help! Please make the explanations high school level!! Thank you again

Please help! Please make the explanations high school level!! Thank you again

Comparing Market Structures Scenarios: Read the descriptions provided. Analyze each description and identify the market structure that best characterizes the structure in which the business operates. Explain your reasoning. 1. Oh So Fresh Deodorants: Oh So Fresh Deodorants produces a variety of deodorants and antiperSpirants. In the market for deodorant, there is a great deal of competition. Oh So Fresh Deodorants spends a great deal of money of advertising in order to inuence consumer demand. Its \"brand power\" has become strong enough that Oh So Fresh is able to sell its product for a price higher than many of its competitors. Market Structure: Explanation: 2. Old McDonald's Farm Fresh Foods sells its goods at the local farmers' market, along with a very large number of other farmers. Old McDonald's goods are just like the other farmers' goods and he is unable to set the price of his goods higher than the prevailing rate at the farmers' market. Market Structure: Explanation: 3. Intra-city Internet provides internet access to all local residents in the local area. The company is earning a positive economic prot. Other rms have considered entering the industry, but the upfront costs associated with providing internet service are extremely high. As a result, IntraCity Internet is able to continue earning economic prots into the long run. Market Structure: Explanation: 4. Energy Up is a large energy drink producer with distribution centers located around the country. It has signicant competition from several other energy drink producers. In order to gain a greater portion of the market and positively impact prots, Energy Up has considered various pricing strategies. Energy Up had to remain mindful of how other rms might price and react to their pricing strategies. Market Structure: Explanation: Graphing: 5. Draw the graph of a monopolistically competitive rm in long run equilibrium. Label the profit maximizing level of output ch and the price the rm will charge Pmc. Next label the allocatively efcient level of output Q3 and the corresponding price Pa. Shade in the loss to society on the graph. 6. Draw side by side graphs of a monopolistically competitive market and a fun operating in that market earning short run losses. a. What must be true in order for this firm to be operating while incurring a loss? b. Show how the market graph will adjust in the long run due to the short run losses. c. Show what will happen to demand at the representative rm and the impact this will have on the economic prot earned by the rm. d. How does this long run equilibrium compare to that of a perfectly competitive rm

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