Market Structure Simulation

Market Structure Simulation quasi-stellar radio source Com portioners When industries are lead astraying similar products this makes up foodstuff structure. I will be discussing economic profit that quasar computer is able to make. The market structure is make of the following pure monopoly, pure competition, monopolistic competition, and oligopoly. In the simulation I mark off most pricing and non pricing strategies and savvy the diverse market structure. quasi-stellar radio source put out a sunrise(prenominal) first-year all-optical notebook computer computer that is called Neutron. quasi-stellar radio source had to come with scheme regarding price and take in profit period having the only notebook on the market and monopolizing.To give a basic overview we quasar set the price at $2,550 per notebook to create a place and so that marginal cost will check to marginal revenue. In 2004 quasar Computers had to recapitulation the advertising. The recommendation was $500 trillion. My price was $2,450, sum total cost 13. 29, total revenue 15. 1 and total profit was 1. 82. Due to the new lunch, David thought it would be a full idea to upgrade production. Jane forecasts we should improve on the areas that we had major losses. Quasar Computers would need to sell more than over $500 million to make a profit and the Neutron would switch to be priced higher.In 2006 competition arrises and we occupy to lower our prices, rick on crisscross building to make sure we substructure keep our gain from Orin Technolgies since the company gain 50% of the market in notebooks. Orin Technologies is instantaneously in the resembling industry as Quasar and we are no lifelong monopolizing but Oligopoly. I think Quasar was a bit caught off guard. They had to think fast before competition became an issue. Quasar had to make decision quick if they should give more funds into the marketing if they valued to sell notebooks and reach out to a larger base of consumer s or work on research and development.If Quasar precious to success they had to stop and think about what infficiences they had and not expect to sell the same amount of quantity. Also during the time Orin came in the demand Neutron was sloping down and which change magnitude any price would just oblige consumer not buying any of their products. For Quasar to be sucesseful they have to focus on affordable but yet lineament technology to remain in the game. Quasar how to reinvent technology and make their notebook fun and consumer entertained. Reference Geoff, R. (2006) Retrieved from http//tutor2u. net/ economics/revision-notes/as-macro-macroeconomic-policy. html U. S.Department of occupation. (November 23, 2011). Bureau of scotch Analysis. Retrieved from http//www. bea. gov/newsreleases/ issue/pi/pinewsrelease. htm McConnell, C. R. , Brue, S. L. , & Flynn, S. M. (2009). Economics Principles, problems, and policies (18th ed. ). unfermented York McGraw Hill/Irwin. U. S Departme nt of Commerce Bureau of Economic Analysis. (2011, November 22). Personal Income and Outlay. Retrieved November 27, 2011 http//www. bea. gov/newsreleases/national/gdp/gdpnewsrelease. htm Board of Governors of the Federal have System. (2011, February 3). The Economic Outlook and Macroeconomic Policy. Retrieved November 27, 2011