Market Structures
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Title: Market Structures

Essay Details:

Subject: Business
Author: Felica T
Date: September 8, 2013
Level: University
Grade: A
Length: 3 / 806

Essay text:

In the scenario the firm, Quasar, operates within this structure when its product is unique to itself and a patented technology. Innovation is what is going to keep this company in a monopolistic environment and profitable. By investing in efficiencies in production process Quasar is able to improve profitability and bank dollars for coming competition. Instead of innovation and improvements in their technology the firm allows its patent to run out and then must compete with a company utilizing that technology to beat them at their own game. While still profitable, the Neutron is now utilizing technology available to competitors...

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