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Responses To Classmates Discussions On Market Models.edited

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Cornell University

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Running Head: RESPONSES TO CLASSMATE'S POSTS 1

Responses to Classmates Discussions on

Market Models

Student name

Institutional affiliation

Instructor

Course

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RESPONSES TO CLASSMATE'S POSTS 2

Response to the 1

Students Post

Hi, I am impressed by your post, which states that Amazon is an already established

brand in the markets at its industries. Therefore, your post highlights that Amazon Company may

be considered to be operating in a monopolistic competition market structure because

organizations in this structure are known to compete against each other but sell products that are

different from one another (Moghadam, 2020). Furthermore, a monopoly market model is known

as having monopoly power or having the ability to change the price of the good. However, with

thousands of businesses having the right to compete against one another, several vendors in this

market parts a structure of four market structures known as pure competition, monopolistic,

oligopoly, and Pure Monopoly. Therefore, Amazon Company may be considered to be engaging

in an oligopoly market model. The competitive aspect of oligopoly is that every firm included in

this market structure is consistently looking at any changes being made, such as promotions,

production, price change, and any other new development (Victor and Jihye, 2020). This is due

to wanting to know whether the competition is doing better or worse and how their company can

make their brand stand out more. Therefore, I am impressed to learn from your post that Amazon

Company may be competing in both Monopolistic and Oligopolistic market models.

Response to the 2

Student's Post

I' am impressed by the student's post that Apple Incorporation operates in a monopolistic

market model. Therefore, the descriptions of several different models pertain to the adequate

levels of gaining more knowledge in the technical side, which gives leverage to the company

Apple by having that monopolistic competition over other companies who want to become

Monopoly but cannot because of Apple's structure and way of being (Łaszek et al. 2016). The

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Running Head: RESPONSES TO CLASSMATE'S POSTS Responses to Classmates Discussions on Market Models Student name Institutional affiliation Instructor Course Date 1 RESPONSES TO CLASSMATE'S POSTS 2 Response to the 1st Students Post Hi, I am impressed by your post, which states that Amazon is an already established brand in the markets at its industries. Therefore, your post highlights that Amazon Company may be considered to be operating in a monopolistic competition market structure because organizations in this structure are known to compete against each other but sell products that are different from one another (Moghadam, 2020). Furthermore, a monopoly market model is known as having monopoly power or having the ability to change the price of the good. However, with thousands of businesses having the right to compete against one another, several vendors in this market parts a structure of four market structures known as pure competition, monopolistic, oligopoly, and Pure Monopoly. Therefore, Amazon Company may be considered to be engaging in an oligopoly market model. The competitive aspect of oligopoly is that every firm included in this market structure is consistently looking at any changes being made, such as promotions, production, price change, and any other new development (Victor and Jihye, 2020). This is due to wanting to know whether the competition is doing better or worse and how their company can make their brand stand out more. Therefore, I am impressed ...
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