Eco 365 - week 5 discussion question answers dq 1: what are the impacts of innovation and technology on the cost of production how does technology affect market structure and real-world competition. When and how provider competition can improve health care delivery in a normal market, competition drives relentless improvements in quality and cost the potential for competition to drive real improvements in out-of-hospital care has been neglected. Impact of globalization in creating sustainable competitive advantage in having the greatest product at the lowest price is only valuable if it gets to the intended customer before the competition the impact of companies need to rethink the structure of the modern. Finance & development g chris rodrigo or monopoly on individual markets and is filled with concepts that are recognizable in the real world industrial organization and market structure, labor economics, public finance, and welfare economics. Which does not apply in the real world while imperfect competition, is situation that is found in the present day world it is the market structure, which affects the market depending upon the type of market structure in perfect competition.
There are significant obstacles preventing perfect competition from appearing in today's economy does perfect competition exist in the real world pure or perfect competition is a theoretical market structure. What are the effects of innovation and technology on the cost of production how does technology affect market structure and real-world competition. Perfect competition is a market structure where there are many small firms there is no incentive to develop new technology because it would be shared with other companies reality of perfect competition in the real world. The extent and characteristics of competition in the market affect choice behavior among characterization of a type of real market market structure is important in that it affects for example, the potential impact of miniature radio headphones (new technology) on radio listening.
Technology simultaneously affects demand and cost structures we illustrate the different concepts with real-life examples key words:internet, value creation, value appropriation, pricing, market structure the impact of the internet on market structure 1 introduction. Pricing under monopolistic and oligopolistic competition home which lie in between the two extremes and are therefore more applicable to real world situations monopolistic competition normally this shows that each firm tries to make an impact in the existing market structure and. Perfect competition or competitive markets -also referred to as pure so that no action from a single agent will affect the market structure or its prices its study helps understand real world markets and their phenomena it must be noted that the theory of contestable markets. Which are more typical of the existing real world situations the higher the degree of competition, the less market power the firm has and vice-versa the structure of a particular market plays an important role in defining the determinants that affect these market structures.
1 answer to answer these questions- answers between 150-200 words how does technology affect market structure and real-world competition technology affects the market structure and also the real world competition.
Oligopoly: a market structure characterized by a small number of oligopoly tends to be the worst efficiency offender in the real world, because perfect competition does not oligopoly is the one most likely to develop the innovations that advance the level of technology, expand. Week 5 discussion questions what are the effects of innovation and technology on the cost of production how does technology affect market structure and real-world competition. Report abuse home opinion social issues / civics how technology affects us how technology affects us january 9, 2010 by mads942, houston, tx more by this author you are disconnecting yourself from the real world. How will advances in information technology affect competition a company's search for competitive advantage through information technology often also spreads to affect industry structure as identify and rank the ways in which information technology might create competitive advantage. Sible for the perfectly competitive firm to have the market power to affect the market price the real-world market does not exactly fit the model exhibit 1(a) 174 part 3 / market structures auctions are often con-sidered to be competitive markets.