Market Structure Simulation

Market Structure Simulation quasar Computers When industries are selling resembling products this tops up market structure. I will be discussing economic emolument that quasi-stellar radio source computer is able to make. The market structure is made of the chase pure monopoly, pure competition, monopolistic competition, and oligopoly. In the simulation I victimize round pricing and non pricing strategies and understanding the diverse market structure. quasi-stellar radio source put out a saucy first all-optical notebook that is called Neutron. Quasar had to come with strategy regarding harm and gain profit while having the just notebook on the market and monopolizing.To give a basic everyplaceview we Quasar set the price at $2,550 per notebook to create a broadcast and so that marginal greet will equal to marginal revenue. In 2004 Quasar Computers had to review the advertising. The recommendation was $500 million. My price was $2,450, 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 good idea to upgrade production. Jane phones we should better 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 have to be priced higher.In 2006 competition arrises and we have to lower our prices, work on spot building to make sure we can keep our gain from Orin Technolgies since the confederacy gain 50% of the market in notebooks. Orin Technologies is now in the similar industry as Quasar and we are no longer monopolizing and 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 tender if they should invest more funds into the marketing if they wanted to sell notebooks and dawn out to a larger base of consumers or work on research and development.If Quasar wanted to success they had to stop and think about what inffic iences they had and not expect to sell the same amount of quantity. Also during the clipping Orin came in the demand Neutron was sloping down and which increasing any price would just have consumer not buying any of their products. For Quasar to be sucesseful they have to focus on affordable but yet reference 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. subdivision of Commerce. (November 23, 2011). Bureau of Economic Analysis. Retrieved from http//www. bea. gov/newsreleases/national/pi/pinewsrelease. htm McConnell, C. R. , Brue, S. L. , & Flynn, S. M. (2009). Economics Principles, problems, and policies (18th ed. ). rising York McGraw Hill/Irwin. U. S Department of Commerce Bureau of Economic Analysis. (2011, November 22). individual(prenominal) Income and Outlay. Retrieved November 27, 2011 http//www. bea. gov/newsreleases/national/gdp/gdpnewsrelease. htm Board of Governors of the Federal Reserve System. (2011, February 3). The Economic chance and Macroeconomic Policy. Retrieved November 27, 2011