Pricing strategy varies significantly across different market structures of perfect competition, monopolistic competition, oligopoly and monopoly which
Question:
Pricing strategy varies significantly across different market structures of perfect competition, monopolistic competition, oligopoly and monopoly which are complex.
- intensity of competition, depending on the number of firms in the industry,
- homogeneity of products, evaluated by the extent of substitutability of a firm product by the products of its rivals,
- barriers to entry, estimated by the complexities and obstacles confronting potential firms from entering the industry,
- information asymmetry, assessed by the degree of availability of knowledge of price to buyers.
Question is I need help of example of these questions
1. Detailed analysis of perfect competition market structure and its specific pricing strategies,
2. Detailed analysis of monopolistic competition market structure and its specific pricing strategies, 3. Detailed analysis of oligopoly market structure and its specific pricing strategies, 4. Detailed analysis of monopoly market structure and its specific pricing strategies, 5. Case study: choose a business and discuss its market structureand pricing strategies.
scholarly peer reviewed articles references
Macroeconomics Principles and Applications
ISBN: 978-1133265238
5th edition
Authors: Robert e. hall, marc Lieberman