Abstract This project focuses on the results of a grocery social system simulation and a harvest-time I am familiar with. I am to discuss the advantages and limitations of supply and take away that atomic number 18 identified. I am then to create a set back showing the differences and then I am to discuss a product we are familiar with so I chose the nuts make whoopie/cola industry. Introduction This project focuses on the mart structure of a freight transportation party. They go by means of several changes for severally of their portions. Each partitioning represents a dissimilar market structure. I will learn about perfective competition, monopoly, monopolistic competition, and oligopoly. The divisions use in the simulation are the Consumer Goods Division, scorch Division, Chemicals Division, and Forest Products Division. What are the advantages and limitations of supply and demand identified in the simulation? The company of East-West Freight Transportation co nsisted of four differnet divisions that equal different market stuctures as shown in the following table. thither were advantages to the supply and demand in different scenarios. The coal division was the only car transporter in the region and the chemicals division has a chance for lettuce in the long run. The consumer goods division has no barriers to accession for firms and the set products division has very little to no presence of stinting profits. Simulation Table         Example of a firm         Barriers to Entry         Numbers of Firms         legal injury childs play of Demand         Presence of Economic Profits                         Perfect extend to         Consumer Goods Division         No barriers         Several         Price is elastic         P=MR.
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=MC                         Monopoly         Coal Division         lonesome(prenominal) transporter in region         1         Price is inelastic         Possible is barriers counterbalance                         Monopolistic Competition         Forest Products Division         Few barriers to entry         many a(prenominal)         Price is elastic         None                         Monopoly/Duopoly         Chemicals Division         Only deuce firms and each reacts... If you want to get a just essay, regularise it on our website:
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