Market structure in an automotive industry
What type of a market structure in an automotive industry?
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There are many manners to explain market structure of automotive industry two of them are given below:
One of varied buyers makes the population and almost homogeneous sellers. This means that each one (the population) require a car (since a car is not a luxury item), however everyone has different wants (i.e.: contrast a mother of 4 to a construction worker). Therefore, buyers are everyone in population, and they are heterogeneous (different). But sellers are practically the similar Ford, GM, Nissan, Honda, Toyota, Chrysler and etc. all offer the same products. Therefore, they are homogeneous (or same).
Buyers with high brand-preference and highly marketed sellers this means that many automobile buyers have a brand loyalty, and seller market to promote its loyalty. A best example of this is Harley Davidson and Jeep. Amongst their owners both the businesses have produced a kind of community (I am sure as we have all seen two Jeeps passing and the driver’s wave at each other).
This purely competitive brickyard as in below graph on the average experiences an: (w) economic profit of about $135 per day. (x) economic loss of roughly $150 per day. (y) accounting profit of less than $100 per day. (z) accounting loss of more than
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“Law of Distribution” given by Vilfredo Pareto asserts that the: (w) relative prices for goods reflect how intensively labor is used as an input. (x) the percentages of national income going to labor and to capital is a co
Market supply: It refers to the sum of all outputs of all producers of a good at a price throughout a given time period.
After adjusting income for taxes and transfers, affects that would be least responsible for the reducing percentages of the U.S. population classified like “middle relative income” from 1976 is probably: (
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As MRP < VMP in imperfect competition whenever firms encompass market power as sellers then: (1) MPPL = VMP. (2) The price of output surpasses MFC. (3) Monopolistic exploitation becomes essential to get profit. (4) Imperfect competition can’t reach the equili
I have a problem in economics on Generating utility through production. Please help me in the following question. The production generates utility by making a good more precious in: (1) Possession. (2) Time. (3) Form. (4) Place. (5) All the above. Q : Calculate of total variable in an area Total variable costs can be estimate as: (1) 0bcq1. (2) 0adq2. (3) 0Peq2. (4) aPed. (5) Cannot be measured within demonstrated figure. Discover Q & A Leading Solution Library Avail More Than 1416599 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1954810 Asked 3,689 Active Tutors 1416599 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
Total variable costs can be estimate as: (1) 0bcq1. (2) 0adq2. (3) 0Peq2. (4) aPed. (5) Cannot be measured within demonstrated figure. Discover Q & A Leading Solution Library Avail More Than 1416599 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1954810 Asked 3,689 Active Tutors 1416599 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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