New Economics Consultant Charged With Analyze The Various...

I’ve been hired by cities mayor and am now the newest economics consultant charged with analyze the various local businesses market structures. This city has numerous businesses which leads to many different market structures. There are large factories or plants, almost every chain fast food restaurant, nicer sit down restaurants, mom and pop shops, along with our share of Wal-Mart’s and other larger all in one stores, and we also have the city ran utilities. This town is competitive and thriving with a strong economical foundation fueled by a good sized population to keep many businesses from having to look too far for employees. New businesses have opened recently and are thriving. With keeping a good mix of market structures the economy will continue to grow. Multiple market structures will help to create a thriving economy, although they are all different, they provide income to the city in way of taxes, employment to our citizens, and understanding how each o perates and prices their goods can help this city prepare for its financial future. We will need to analyze each market separately to show the differences and the similarities so as to understand their effects on the community and whether they allow room for entry and exit of new firms in order to grow our city economically. There are four market structures that I will provide analysis on. Perfect competition is a market structure in which there any many sellers and many buyers where not one firm (business)Show MoreRelatedMarketing Plan for Lords Ice Cream Parlour5099 Words   |  21 PagesJohns Wood with a good market share is one of the best in that area providing ice cream with fresh taste and modern packaging. 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