ECO 204 Ashford Walmart’s Market Structure Discussion Questions

Anonymous
timer Asked: Feb 7th, 2019
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Question Description

i need to answer the following questions for Walmart.

1- Identify your company’s market structure (i.e., perfect competition, monopolistic competition, oligopoly, and monopoly), explaining your reasoning.

2- Examine whether competitive pressures are present in your company’s industry with high barriers to entry.

need one page double spaced for each, this is a team paper so i need to stick with one page for each and one page for any references, Apa format


here is the original assignment just in case but only need to answer the 2 questions i mentioned,


The Week 4 assignment is a group project. During Week 4 or earlier, five to six students are assigned groups. Each group leader will submit the assignment on behalf of their group. Each group selects one factual business example then, responds to the following:

  • Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order.
  • Identify your company’s market structure (i.e., perfect competition, monopolistic competition, oligopoly, and monopoly), explaining your reasoning.
  • Examine whether competitive pressures are present in your company’s industry with high barriers to entry.
  • Evaluate how high barriers to entry into the industry may influence your company’s long-run profitability.
  • Explain the price elasticity of demand in your company’s market structure and its effect on your company’s pricing decision.
  • Investigate whether government regulations encourage or discourage your business relative to its industry.
  • Analyze how the role of the government may affect your market structure’s ability to price its products.

Tutor Answer

CASIMIR
School: Cornell University

Here you go. In case of any further inputs, please let me know.All the best!I appreciate working with you!

Running Head: WALMART MARKET STRUCTURE

Walmart Market Structure
Name
Course
Professor
Date

1

WALMART MARKET STRUCTURE

2

Walmart’s Market Structure
Liberally arguing, Walmart Stores Inc. assumes two types of market structures, that is
monopoly and oligopoly. One can accurately classify Wal-Mart’s market structure as oligopoly
basing their arguments on the existence of a couple of giant retailers such as Target and Costco
which equally command a sizeable share. Under oligopoly, the market is shared between a few
dominant firms determined through concentration ratios (Amacher & Pate, 2013). Currently,
Walmart, Target, Costco and Kmart combined market share in the US and Canada averagely
total to 88%. Despite the dominance, other small retailers have managed to enter the market and
fill gaps left ...

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Anonymous
Thank you! Reasonably priced given the quality not just of the tutors but the moderators too. They were helpful and accommodating given my needs.

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