Market Structure, Market Power, and Profitability

Description

This assignment is intended to determine the efficiency and profitability of different organizational arrangements. An organization could be a small business (a restaurant, a hairdresser, a singer, an artist, a gift shop, a street vender, etc.), a large private organization (a manufacturer, a university, a hospital, a charity, a distributor, a transportation provider, a bank, etc.), or a governmental agency (a public school, city services, a correction facility, a tollway, a park district, a postal service, a public transportation, etc.). You could choose to discuss the market structure in which a specific organization is operating in, or you could choose to discuss the advantages, disadvantages, and differences between larger structures such as private versus public ownership, capitalism versus socialism, and corporate ownership versus small private ownerships. To start, select an organization (a private small business, a corporation, a charity, or a government agency) that you wish to analyze for this assignment. Your research needs to be structured with consistent and clear thoughts. It also needs to be supported by facts and data. Your results need to be based on solid facts. Your conclusion and opinion need to be thorough and based on your findings and understanding of the characteristics of different market structures.