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Differentiating Between Market Structures

Differentiating Between Market Structures
Order Description
You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate
the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which
the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure’s competitive
strategies.
Select an industry. Identify an organization in that industry. You may use the company you used for the Week 3 Learning Team assignment”Toyota Motor Corporation”
Identify the market structure in which this organization competes. Clearly indicate why the market structure was decided upon, and how this market structure
differentiates from the other alternatives.
How might the company you selected find itself working with organizations in the same industry that are an oligopoly, perfect competition, monopoly, or monopolistic
market structure. Examine the different sectors with an industry and how market structure may vary within those sectors.
Identify three or more competitive strategies of your choice that may be used by the organization to maximize its profits over the long run. Evaluate the efficacy of
these strategies in the market structure you identified.
Make recommendations related to the strategies the organization might consider to maximize its profits.
Paper
Write a 1,400- to 1,750- word paper.
Format consistent with APA guidelines.
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