Market structure classification for iPhone 6s Plus

User Generated

fzneG27

Economics

Description

For this assignment you are to write a 1 to 2-page paper that addresses market structure classification of the Apple iPhone 6 plus.

Note: The Apple iPhone 6 plus cellular phone will be researched for each course project assignment leading up to your final submission.

Guidelines for this assignment are listed below:

  • Discuss which market structure best aligns with the Apple iPhone 6 plus.
  • Align characteristics of the market structure to that of the Apple iPhone 6 plus.
  • Discuss how price and quantity are determined for the Apple iPhone 6 plus.
  • Identify other competitors in the market.
  • Discuss whether or not any other competitors have influence over the market.
  • State whether or not any competitors engage in price discrimination.
  • Identify if the market for cellular phone aligns with game theory to include, a Prisoner's Dilemma.

Include the following:

  • Title page
  • 1 to 2-pages of content
  • At least two sources
  • Reference page
  • APA formatted

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Explanation & Answer

Thank you for working with me.

Running Head: IPHONE 6S PLUS MARKET STRUCTURE CLASSIFICATION

IPhone 6s plus market structure classification
Name:
Institutional affiliation

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IPHONE 6S PLUS MARKET STRUCTURE CLASSIFICATION

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iPhone 6s plus market structure classification
Best market structure that fits iPhone 6s plus
There are various types of market structures within different economies. Different
markets can portray perfect competitor, oligopoly, monopolistic competition, monopoly type of
market. In my view, the iPhone 6s plus belongs to the classification of oligopoly market
structure, because of the characteristics of the product’s market.
Alignment of the Characteristics of Oligopoly Market to That Of iPhone 6s Plus
The oligopoly market structure is associated with few organizations competing in the
market. These firms have a huge share in the market and can control the amount of output and
the price. The products that the companies in the oligopoly kind of market produce are slightly
differencing although they are similar in some sense (Tey, 2013). The oligopoly market the
companies tend to see each other as r...


Anonymous
I was struggling with this subject, and this helped me a ton!

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