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Lecture

notes ch 7.docx

by OneClass168757 , Winter 2013
1 Page
156 Views
Winter 2013

Department
Business
Course Code
ECON15269G-CO4
Professor
Hamid Sodeifi

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Industry: A firm or an individual business
Monopoly: single firm
Competitive: Perfect identical products, monopolistic - differentiated,
easy to enter, no barrier,
plumbing, IT, marketing, target, restaurants,
Concentrated: oligopoly, monopoly
Market power, ROI
Example, auto, banks, oil ref, soft drink, apple
Slide 10 for ch 7
Inclass activity:
Name: Leo’s pawn shop.
Market structure: competitive; monopolistic . because the items range from the smallest product in
value to highest. ( from antique decoration items to fancy cars)
What you do/ produce: we buy items, sell items, auction items, (we keep 20-30% of the price that it will
sell for)
Marketing strategy: ads in the newspaper, radio, flyers,

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Description
Industry: A firm or an individual business Monopoly: single firm Competitive: Perfect – identical products, monopolistic - differentiated, easy to enter, no barrier, plumbing, IT, marketing, target, restaurants, Concentrated: oligopoly, monopoly Market power, ROI Example, auto, banks, oil ref, soft drink, apple Slide 10 for ch 7 Inclass activity: N
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