Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Pick any ONE business/company of your choice. The company you choose can be a small local restaurant or a large multinational company. Based on your

Pick any ONE business/company of your choice. The company you choose can be a small local restaurant or a large multinational company. Based on your selection, answer the following questions: In your paper, Describe the basics of the business you chose- including the size of the business, types of goods/services the business sells, and possible barriers to entry/exit. Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order. Discuss what kind of market structure your company falls under. Why? Analyze whether the demand of the goods/services sold by the business are elastic or inelastic. Why? Discuss if there are any externalities involved. If so, explain how the externalities can be fixed. Discuss any roles that larger companies can play in promoting inclusion, equality and reducing poverty

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Global Strategy

Authors: Mike W. Peng

5th Edition

0357512367, 978-0357512364

Students also viewed these Economics questions