Microeconomics Market Structure for Walmart
My main question in my introduction is how does Walmart’s market structure allow them to compete with e-commerce giants like Amazon.
For a Market Structure paper make sure you apply key terms and concepts related to price taker and price maker markets (perfect competition, monopolistic competition, oligopoly and monopoly), profit maximization objective in the short run and long run, marginal analysis, price competition, non-price competition, determination of output level to maximize profit, firm interdependence, price control, consumer surplus, producer surplus, market equilibrium.
I don’t expect you will apply all concepts learned in this class to your research paper. Make sure you explicitly include at least three key terms from the list in the section labeled ‘Theoretical Concepts that should be Included in your Paper.’