Mirco Mod 5 Slp

Mary Baldwin Module 5 SLP Trident University 12/15/12 1. What guinea pig of mart do you think your licence operates ( dead emulous, monopoly, monopolistically agonistic, oligopoly)? What be the particularized characteristics that make it this type of theater? CiCis pizza pie operates as a suddenly competitive business. The definition of dead competitive is characterized by m whatever buyers and sellers, m all another(prenominal) products that are similar in nature and, as a result, many substitutes. Perfect emulation means on that point are few, if any, barriers to entry for new companies, and prices are determined by supply and demand. Thus, producers in a perfectly competitive market are subject to the prices determined by the market and do not have any leverage. (Economics basics: Monopolies, Oligopolies and Perfect competition ) CiCis falls into this category because it sells a product that has many competitors, which means many substitutes. Companies like p izza hutch, Hungry Howies, and local anaesthetic family owned businesses all run pizza and salad buffets around the said(prenominal) price per person. With so many options for customers to split from; CiCis has to be very aware of pricing (since nearly large derive are price takers and destiny the best deals), tastes of the region, and divine return provided to their customers. 2.

What type of competition does your firm face? Who are more or less competitors? (even if you said your firm is a monopoly, think of some substitutes) Competitors for CiCis pizza would be Pizza army hut, Hungry Howies, or any other local pizza buffet. These firms ar! e all perfectly competitive because they can substitute for one another. Though, many commonwealth would agree that they taste very different (in my opinion, Pizza Hut has a monopoly with those bread sticks because no one else has recreated them just full!). But tastes aside, each of these businesses offer pizza and salad buffets under $10.00 per person, fashion them very similar and interchangeable. 3. How do you think your firm can...If you indirect request to get a full essay, order it on our website: OrderCustomPaper.com

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