Posted: November 5th, 2015

ECONOMICS

ECONOMICS

Complete your Research Project 1 in a Word document should be between 2,500 and 3,000 words, in APA Format

Pricing strategy varies significantly across different market structures.  The pricing guidelines in a monopoly market are relatively straightforward.  Since the company is the only producer offering the product, it can mark-up the price as far as the customer can bear.  The pricing strategies for a producer operating in a perfect competition structure are also fairly intuitive. They are price takers, and hence price is set at the marginal cost of the product.  This is due to the fact that there are many firms offering nearly identical products.

However, there is optimal pricing for the market structures offering differentiated products with many competitors (oligopoly) or a few producers (monopolistic competition). These are much more complex and involved.  It has been stated that differentiation in products that creates differences in customer valuation is the most prevalent type of competition.  In such markets pricing strategies may include the three C’s of cost, competition, and customer.

Develop a paper detailing an analysis of market structures and relating pricing strategies that are suitable for each of these structures.  Furthermore, include a real world example of pricing strategy for a specific company by identifying its market structure.

1.            Cover page with a running head

2.            Abstract

3.            Introduction to market structures

3.1.            Perfect competition

3.2.            Monopolistic Competition

3.3.            Oligopoly

3.4.            Monopoly

4.           Pricing strategies as they are specifically related to each of the above market structures.

5.            Case Study

6.            Conclusion

7.            References

PLACE THIS ORDER OR A SIMILAR ORDER WITH US TODAY AND GET A GOOD DISCOUNT 🙂

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Live Chat+1-631-333-0101EmailWhatsApp