Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Microeconomics case study supply and demand

11/10/2021 Client: muhammad11 Deadline: 2 Day

Case Study: Microeconomic Analysis: Supply And Demand

Three to 5 pages, not counting the separate Title Page and the separate Reference Pages:

MUST READ ATTACHED WORD DOCUMENT for instructions

In this assignment, we are going to analyze the changes in market demand and market supply for a commodity (a good or a service). In addition, we are going to analyze how the changes in demand and supply affected the market price and production of this commodity. To do so, we are going to address the key factors (determinants) that have caused the shift in demand and/or the shift in supply. The goal here is to provide an objective analysis of the forces that have caused this change to better understand the behavior of the market and to determine the potential growth or decline for this commodity. Some of the commodities that have experienced a drastic change (an increase or a decrease) in supply and/or demand in recent years are organic foods, cage-free eggs, social media, higher education, online education, healthcare services, online banking, online shopping, DVD players, digital cameras, fidget spinners, health clubs, bottled water, landlines, Cash for Gold, and fried food. You could use one of these commodities for your study or choose one you are familiar with or prefer.

Running head: WEEK 4 SUSETTE KELO ET AL., V CITY OF NE LONDON CONNECTICUT, ET AL 1

Market Structure, Market Power & Profitability

Introduction:

In week three lecture, we examined the different characteristics of market structures, their affect, competition and pricing in the industry. We examined monopoly, oligopoly, perfect competition and imperfect competition. There are several factors that defines the categories of an organization. These factors include the organization size and it’s worth. Perfect competition is the most desirable and monopoly is the lease desirable. This week I will continue the discussion of Amazon. To many consumers, Amazon is a one stop online store, making the online shopping experience with Amazon convenient.

Although there are some rumors that Amazon is a monopoly structure, Amazon can't be declared a monopoly because it doesn't exhibit monopolistic behavior, defined as "when one provider is the dominant provider in the market and that provider is able to prevent others from offering competing products and services ("Is Amazon A Monopoly? Donald Trump Thinks So", 2019)."

Data

The widening gap over the past year between Amazon and so-called store-based retailers is particularly striking.

It’s important to note that Amazon still only boasts a 5 percent share of total retail sales, excluding food, across the country, according to data from the U.S. Census Bureau, Sanderson said.

But this is coupled with big names in the retail space — Wal-Mart, Costco, Home Depot, Target — seen as losing market share as their margins shrink and dollars shift back to Jeff Bezos’ company, the analyst added (Thomas, 2019).

https://fm.cnbc.com/applications/cnbc.com/resources/editorialfiles/charts/2017/07/1499430223_Untitled.png

(Thomas, 2019)

The data above indicates that amazon is taking over online shopping. Amazon has created a fast-growing economy that directly and indirectly impacts the economic.

Analysis

It is important to note that despite its large size, unlike many other companies with hierarchical organizational structure, Amazon remains highly flexible to adapt to frequent changes in the external marketplace. Moreover, the online retail giant leads changes in external business environment, it has caused disruptive innovation in e-commerce and currently it is about to cause a disruptive innovation in global logistics industry. This is mainly due to visionary and efficient leadership by Amazon founder and CEO Jeff Bezos ("Examples of Oligopoly Markets", 2019).

In my research, I found that a few products that Amazon offers to their customer online can be found on other online websites such as, eBay, Walmart, Staples, Kmart & many products you just conduct a goggle search for any product. This is clear example that Amazon is an Oligopoly market structure. Today, half of all U.S. households are subscribed to the membership program Amazon Prime, half of all online shopping searches start directly on Amazon, and Amazon captures nearly one in every two dollars that Americans spend online. Amazon sells more books, toys, and by next year, apparel and consumer electronics than any retailer online or off and is investing heavily in its grocery business.

As a retailer, its market power now rivals or exceeds that of Walmart, and it stands only to grow: Within five years, one-fifth of the U.S.’s $3.6 trillion retail market will have shifted online, and Amazon is on track to capture two-thirds of that share("Amazon's Growing Power In The U.S. Economy", 2019).

Conclusion

In my opinion Amazon has expanded its services to ensure that consumers receive their packages securely, Amazon lock boxes are available in your local stores. Having a secure way of receiving your package and avoiding the wait at home adds more to Amazon market. Amazon online services operates in the competitive market structure. It is evident that different consumers like to shop using Amazon online services because of the competitive pricing of their products. Amazon is competitive and offers prices that are affordable compared to another online store.

References

Amazon's Growing Power In The U.S. Economy. (2019). Retrieved 29 July 2019, from

https://www.forbes.com/sites/lauraheller/2016/11/30/amazons-growing-stranglehold-on-the-us-economy/#7bf7fd65eb40

Dudovskiy, J. (2019). Amazon Organizational Structure - Research-Methodology. Retrieved 29

July 2019, from https://research-methodology.net/amazon-organizational-structure-2/

Is Amazon A Monopoly? Donald Trump Thinks So. (2019). Retrieved 29 July 2019, from

https://www.forbes.com/sites/brittainladd/2018/07/29/amazon-is-not-a-monopoly-president-trump-yet/#7352642b4735

Thomas, L. (2019). This chart shows how quickly Amazon is 'eating the retail world'. Retrieved

29 July 2019, from https://www.cnbc.com/2017/07/07/amazon-is-eating-the-retail-world.html

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Instant Assignment Writer
Finance Homework Help
Custom Coursework Service
Financial Solutions Provider
Peter O.
Top Quality Assignments
Writer Writer Name Offer Chat
Instant Assignment Writer

ONLINE

Instant Assignment Writer

I have read and understood all your initial requirements, and I am very professional in this task.

$23 Chat With Writer
Finance Homework Help

ONLINE

Finance Homework Help

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$27 Chat With Writer
Custom Coursework Service

ONLINE

Custom Coursework Service

I have read your project details. I can do this within your deadline.

$37 Chat With Writer
Financial Solutions Provider

ONLINE

Financial Solutions Provider

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$50 Chat With Writer
Peter O.

ONLINE

Peter O.

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$33 Chat With Writer
Top Quality Assignments

ONLINE

Top Quality Assignments

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$41 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Should college athletes be paid speech - 1.625 as a fraction - Coca cola amatil graduate program - Reinforcers and punishers in psychology - Examples of poorly written instructions - Discharge through venturimeter formula - Thin lens equation problems - Discussion - According to the coase theorem externality problems - How does project planning minimize risks - Camshaft position sensor wiring diagram - Hydraulic powered robotic arm - 10 fielder lane howrah - Responses - What is a star profile in food technology - Esther park shadow health answers - Gillette the best a man can get doc - Cessna 172 cruise rpm - Record of achievement template - Mintzberg mode of strategic decision making - MC Charts - Oliver twist comic book - Iso 9001 gap analysis checklist - Simpsons genetics problems worksheet answer key - Fifa marketing strategy - 20b outlook drive eaglemont - How to make a beer's law plot in excel - How to conclude a persuasive speech examples - The process control block is - Middle child merch chris klemens - Bis 104 uc davis - Forces on submerged surfaces - Aops intermediate algebra pdf - Which giant covalent structure is used for reinforcing tennis rackets - Sample codebook for content analysis - Complete the attachement assignments - 5.9 online shopping cart java - Activity quiz 4 the flow of food - Burdekin dam water level - Linear algebra questions - All else being equal socially responsible firms - Psychology 2020 study design - Map of wave rock - Work breakdown structure of restaurant - Discussion 3 - English Composition I ASSIGNMENT (1) - Cohesive paper - Sales pitch for sponsorship - Week 9: Early-Onset Schizophrenia - Recibo (more) propinas que tú. - Science fair display board - Define exemplar in forensics - Kincaid hunters run bedroom furniture - Cadbury eyebrow commercial song - Blister in the sun notes - 360 degree marketing campaign ppt - Sabina vasquez vsim - Vue cheat sheet 3 - Milestone 2 - Asymmetric and Symmetric Encryption - Ohm's law lab report - Wk 6 - Educational Technology Toolkit [due Mon] Wk 6 - Educational Technology Toolkit - Mark 8 29 worksheet gcu - App development wbs - Belt drive reverse direction - Mitel 5312 ip phone instructions - Chemistry of life test answer key - Operations forecasting ops 571 - Final Portfolio Project -emerging concepts that are using Big Data and Blockchain Technology. - Farewell to manzanar short summary - Manrose indoor tumble dryer kit instructions - Academic Writer Needed - Nursing - Speaking frankly dating apps - Eucryphia lucida ballerina rhs - Group therapy a live demonstration - What is a claim of definition - Patellar pubic percussion test - Efficient Office Solutions with a Multifunction Printer - Living and non living things worksheet - What is the technology acceptance model - Social Venture - A _____ person achieves a balance between risk and payoff. - How to compute bmi in spss - Project Proposal - Numerator df in gpower - Maori designs and meanings - State election commission rajasthan - Cba merchant services phone number - Organizational Behavior: Rewards and Recognitions - Calorimetry lab data sheet answer key - Jayco seaford spare parts - Interconnecting cisco networking devices part 1 - Morrisons swan valley northampton phone number - Recruitment request form doc - Assignment 1: Combating Juvenile Delinquency - Leonard kip rhinelander - Assignment 2 (Essay 2). Essay informing or explaining. (5 paragraphs) - What are the six images of change managers - Database design life cycle ppt - Upper loddon bush camp