specific details of the results obtained and alternatives you looked at while
playing the simulation. Discuss why one decision is more appropriate than
others.
Link to simulation:
http://info..edu/mba/public/TIS/economics/market/economics_market_part1.swf
Note: In my analysis I want to include various alternatives.
Try alternatives. In your response please look at other choices and try to
explain the difference in results. Please cover the following questions in your
response:
1.Describe the competitive advantage/unique resources Quasar
Computers possesses in the monopoly market scenario. To this end, describe why
intellectual property rights are important in a capitalistic market system. How
might a firm hedge against an expiring patent so they can maintain some sort of
competitive advantage into the future?
2.In an oligopoly, firms try to avoid competing on prices,
and probably try to avoid competing in other aspects to the marketingmix
(products, promotion, placing). Is this possible in this market?
3.In a monopoly scenario, the firm does not need to worry
about generic strategies. However, as firms move through successively more
competitive market structures, they need to consider which type of generic
strategy to implement. After referring to Porter’s Generic Strategies, please
comment on which strategy you recommend depending on the oligopoly,
monopolistic competition, and perfect competition scenarios. Please justify.
4.Consider the perfect competition scenario. Based upon
Porter’s Five Forces, rate each of the forces as high-medium-low and justify
your rankings. In a perfect competition scenario, is the computer industry
attractive? Why, or why not?
Please provide response in about 4-5 pages.
