International Trade and Enterprise - Assignment

Added on - 21 Feb 2021

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International Trade andEnterprise
Executive SummaryThe present study of report is discussedthe different market structure related with thedifferent industry such as monopolistic market interrelate with hotel industry and on other hand,the oligopoly market is interrelated with soft drink industry. Assignment has explained the briefintroduction about the different market structure such as Monopolistic competition market andOligopoly market. The report defines the meaning of Monopolistic competition which is, it is thetype of market structure and it is the type of imperfect competition whereas Oligopoly markethas large numbers of suppliers and few numbers of sellers. The report has determined differenttypes of Monopolistic markets. The Report has beenexplained that hotel industry uses themonopolistic market structure in their business because this industry is provided the substitutesproducts and also there have a lot of competitors in the market. The report has end up with thesuitable conclusion.
Table of ContentsINTRODUCTION...........................................................................................................................1Monopolistic competition and Oligopoly markets with interrelate with different industry........1CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONMarket structure is defined the different characteristics of the market. Which means thismarket structure gives the ideas to different industry that means which type of market structurethey follow and this is suitable for their business or not. Firms are mainly concentratedon thosecharacteristics which affect the nature of business for example competition and pricing strategyare different in different market structure(Wang, and et.al., 2019). For better understanding thedifferent market structure. Here we discuss the different marker structure relate with thedifferent industry such monopolistic market interrelate with hotel industry and in other hand, theoligopoly market interrelate with soft drink industry. The report will explain the briefintroduction about the different market structure such as Monopolistic competition market andOligopoly market. Moreover, report will explain the different characteristics of Monopolisticcompetition market and also describe the features of market.Moreover, report will explain thatsoft drink industry uses the oligopoly market structure in their business because this industryprovides the different types of products also firms faces the fewer competitors in the market. Thereport will explain that hotel industry uses the monopolistic market structure in their business,because this industry is provided the substitutes products and also there have a lot of competitorsin the market.Monopolistic competition and Oligopoly markets with interrelate with different industryMonopolistic competition marketMonopolistic competition it is the market structure and it is the type of imperfectcompetition. In this there are many producers and they sale their product in the market with somedifferentiated in the product for Example differentiae in the quality and brand. Under this marketthere are number of firms and competitors which makes different product. Theybecome differentin the process of manufacturing, growth or development. This product are close to theirsubstitute products. In other words there are many competitors in the market but they all areproduce similar product with some innovations, and they compete with each other to expand thegrowth in the market also Firms has decided their prices on the product with the basis ofcompetitions.There are different characteristics of Monopolistic competition marketIn this market there are many competitors and many customers, or firms are had nocontrol on the prices of the product.
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