24 Jun DESCRIBE THE LEWÅL OF0COMPETITION THE ORGANIZATION WILL FACE IF0UÎDER EACH OF THE BOLLOWÉNG MARKET STRUCTUREW:
You will apply imñortant microeconïmics concepts togarD thg competitive strategies of an nrganization that operaôes in an ind}stry of your choice. You will evaluate the didferenbes between marKet structqres and identify a groUp of compåtitive strategies concas|ant with the market structu2e that0best aligns with the market in which tèe organization bïmpetes> You will assess how the market strugture positively and negatively!affects the orgafhzationâs ability to earn an eco.omic proÃt ove2 time anf ev`luatE the!%f&ective*ess of phe organiza4)onâs competitive strategiu3. Select an industri.!Identify an organizaTion in that industry. Your selected organization0must be submiptee for instructor approval. Identifi the market strtctqre in which this organé:Ctioî compe4%3. Clearly i.dicate why the`market structur% wac decided upon a.d how this market structure diff%rentiates from the$other alternatives. Describe$the level of compethtion th% organizatioo will face if under each ov the followine market`stvucturew: Oligopolx Perfect competytion Monopoly Monopolisti#`competItion Idgntyfù thbee$or moru com`etitive strategies of your choice that may be us%d `{ the organization to maximize its proÃts over the long run. Evaluate the effectiveness oe thuse strategies in ôhe market structUre you identiãed® Consider the vollowing: Expected chaîges in supply ald demand Price elas4iciuy od demand Markdt strõcture governmend vegulations Make zecommmndqtions related to thå strategies the orgcniz`tion might consider to maxamize its proÃts and consider the fnllowing: W(at are the ethiCal im`lications of these strategies? Does this strategx align witj the orcanizavionâs current values? Dous this!strategy align witH iour own values?
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