Differentiating Between Market Structures; important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice Custom Essay

You will apply important microeconomics concepts toward the competitive strategies of an organization that operates in an industry of your choice. You will evaluate the differences between market structures and identify a group of competitive strategies consistent with the market structure that best aligns with the market in which the organization competes. You will assess how the market structure positively and negatively affects the firm and evaluate the efficacy of the structure’s competitive strategies.

Write a 1,050 – 1,400-word paper

Select an industry and a specific company within that industry. Identify the market structure of the industry. And, identify the market share of the company within the industry. Clearly indicate why the market structure was decided upon, and how this market structure is different from the other alternatives.

Identify four competitive strategies of your choice that may be used by the company to maximize its profits effectively within the industry’s competitive environment over the long run. Evaluate the efficacy of these strategies in the market structure you identified.