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Need an research paper on auto edges market structure. Needs to be 6 pages. Please no plagiarism.
Need an research paper on auto edges market structure. Needs to be 6 pages. Please no plagiarism. It is evidently clear from the discussion that a market structure will, therefore, be built around factors like the entry and exit, the extent of the government involvement, mechanisms of pricing (is the firm a price taker or giver), the number of players, the elasticity of demand, and the profits. Other market structures are such as, the monopolistic competition (where the products are differentiated either by quality or brand and, which a firm takes the price charged by its rivals as given completely ignoring the effects of its own prices on others). Monopoly (this is the price maker and the producer exists in the market alone), monopsony (where there is only a single buyer in the given market). In a monopoly, factors such as the economies of scale, acts of parliament, high initial investment amount, to mention but a few, might contribute to their establishment and thrive. So, what market structure does the automobile fit in? Oligopoly is seen to be the most prevalent kind of market organization in the manufacturing sector in most countries. Auto Edge fits in the oligopolistic competition market structure. Oligopoly is defined as a form of the market structure where there are few sellers of a homogenous or sometimes differentiated product. When there are two sellers only, the structure is then called a duopoly. When the product being sold is just homogenous, then we have a pure oligopoly and when the products pass for differentiated, it is then classified as a differentiated oligopoly. Because there are few firms selling a differentiated or homogenous product in oligopolistic markets, the activities of one firm affect the other firms in the industry. For example, when General Motors had price rebates in the sale of its automobiles, Ford immediately followed with its own price rebates.