Economic Assignment

Part A: Microeconomics

Question 1

The market set up in the case study is relate with oligopoly. According to Amir, (2018) the features of oligopoly market structure are dominance by on firm and interdependence of each firm present in the market. In oligopoly the firms produce and sells homogenous product. Here, two firms, Coles and Woolworth sells fruits and vegetables. As the firms are competing by cutting prices. Coles cut its price by 3.1% whereas Woolworth cut it by 1.9%. The case fit Bertrand model of oligopoly as both firms compete with each other through deduction in prices. Providing discount and spending on advertisement is another feature of Bertrand oligopoly model. The following graphs explained the situation.

Question 2

Both the firms are involved in price war with Bertrand model. Woolworth cut its price by 1.9% and Coles cut its prices 3.1%. The price war is to some extent successful as both the firms together able to capture significant part of the market share. Coles also spend high amount on advertising its discount policy. Therefore, the cost of advertisement reduces its revenue. The Woolworths although reduces its cost less than the Coles but resulted in more market share (43%) in total market.

Question 3

The small firms can not able to give competition with the super power in the market. The small firm have high cost of production as they generally apply low technology. Therefore, in Bertrand set up when a single firm reduces cost the other competitors in market reduces cost to earn more profit. Repeatedly reducing the price ultimately lead to the equilibrium condition where the prices are equal to marginal cost. Any firm cannot continue production for price beyond marginal cost. Hence, the small firm generally have high marginal cost which higher than the big firms. The small firm have no other opportunity but to leave market share for big firms.

Question 4

The price war enables the firm to earn high profit and more market share by making them capable of influencing the product market. The low prices favor the consumer to buy more which induced the firms to invest more for high production. However, the individual firm is only able to influence the market if the firm have high market share through price cut. As one firm cut its price and earn more revenue the other from follow the policy subsequently. The small firms have high cost of production and therefore, they are able to engage in price war by cutting their prices. In long run, they leave the market by shutting down their production due to continuous loss.

Review for Business Law
Business Law

Dear sir madam, Thank you and appreciated your good output. I was really worried about this assignment because the deadline was already passed however you gave me the final document with experts assistance that was really great and I’m satisfied with the final solution. Thanks again

Review for Assignment

highly satisfied to give assessments when we are too busy and cannot summit our task on time.

Review for Database

Great service… Quick response… Nicely judge the requirements of the assignment… It seems like exert has gone through the specifications very carefully… I would prefer same expert again when I will have database assignment again in future… Thanks very much…

Review for Management

5 starts for following the requirements in the first go, extensively researched, to the point discussion in the research paper. Referencing seems to be on point. Excellent writer Good work, Cheers!!

Review for Thesis

This assignment i go r23.5/30 I’m happy your high quality work Thanks for helping

Review for Tax

I recommend all my friends . They always get work done in emergency . Experts are too good . Provide them wid notes as well

Review for Networking

good writers i love your assignment a lot. lot of value for your assignment. good website. lots of helpful to students.

Review for HRM

Definitely gave me the help that I needed for this course. I would recommend my assignment help to anyone.

Review for Electrical Engineering
Electrical Engineering

On time and great work. Simulation and paragraphs. You made it according to template. Thank you.

Review for Finance

Good work done by MAH team. Very good understanding of the topic and hit it right.

Review for It Write Up
It Write Up

I want u to do my next assignments..i will talk with the management i hope they can figure it out..our presentation n some contents are really good…G …

Review for Electronics

thank you very much for your help good assignment on time delivery and good work..

Review for Civil Law
Civil Law

great assignment, was very excellent and passed it with no problems, really appreciate thanks

Review for Original work
Original work

Original work and affordability are the biggest reasons for me to hire them over and over again. I like their professionalism and services. Keep up the good work.

Review for Best writing support
Best writing support

The topic was too tricky for me to understand and that’s why I sought writing support from them. They met all my requirements and did justice to my order. Wonderful service!

Review for Quick Assistance
Quick Assistance

I was expecting to receive the document in Harvard referencing style, but I actually got it in Oxford. I immediately approached them, and they got my work done according to me in a day. They didn’t ask for money on the changes made. Thanks guys!

Review for Professional writing services
Professional writing service

I found them very professional as they quickly respond to the urgent requests. I wanted them to work on a few things in my final order, and they did it exactly as per my specifications without charging any extra money. Good services!

Review for Got my assignment on time
Got my assignment on time

I found it hard to place an order with them as the line was constantly busy. But through their mobile App, it has become simple to approach them. I got my assignment on time, and it was nicely written. Highly recommended.

Review for Good Work
Good Work

It takes a lot of time to research on an assignment topic given by the professor. I as I wanted to save my time, I simply contacted them via email and got their respond then and there. They followed all the specifications given. Thanks guys!

Review for Excellent Writers
Excellent Writers

I wanted them to do certain changes in my document as I wasn’t satisfied at first. But, the writer assigned to me did the rework and sent me the order just in a day. Thanks guys! Good services. Marsha Marshall ,USA

Review for Best Services
Best Services

Stacey Lyons

Review for Satisfied with their services
Satisfied with their services

live in London, and most of the time I travel owing to my work responsibilities. I got to know about them from a friend, and it’s been quite a while that their expert team of writers is supporting me with the college projects. I’m highly satisfied with their services. Keep doing a good job!

Review for Scored good grades
Scored good grades

Scored good grades Due to time constraints, I hired them, and they handled the entire task amazingly. I submitted my order within the deadlines. I scored good grades, thanks guys!

Review for Great support
Great support

I never knew they could be of such a great support. My order was written excellently and the format used was correct as well. Keep up the good work!

Review for Best Work
Best Work

I needed help with my order from someone whom I can rely on completely. A buddy suggested me to hire them. They are really best at their work. I got my order on time.

Review for Thanks for the help
Thanks for the help

Big thanks to the team of Instant Assignment Help as they delivered me the order just in time. Their customer support executives were available even at odd hours to resolve my urgent queries.

Review for Professional Sevices
Professional Sevices

Good services! I found them very professional as they always keep in mind the requirements shared by their clients. Keep up the good work.

Review for Exact Format
Exact Format

The format used was just like the way I wanted. I never thought they could write my document so well. I will surely recommend them to my friends.

Review for Kristopher Thompson
Kristopher Thompson

While writing my assignment, I got confused about the referencing style that I had to use, and that is why I thought to seek help from their experts. To my surprise, I got exactly what my college professor wanted.

Review for Free rework
Free rework

I wanted my writer to draft my order according to the specifications made and owing to some miscommunication; he forgot to mention some of the important points. But when I told him to do the changes, he did the rework patiently. I’m happy with their services.

Review for Affordable prices
Affordable prices

Online writing companies charge high prices for their services, and this was the reason why I never thought to take writing support online. But Instant Assignment Help is different from others. They deliver a good quality document at affordable prices. Highly recommended!

Review for Fine service
Fine service

Their services are fine as I can see there’s still room for improvement. I told them to use Vancouver referencing style, but mistakenly they used Oxford. The changes were made instantly when I asked them to.

What name should be displayed with your review?
What title should be displayed with your review?:

Eleonora Laura Tilvic Managing Business

Eleonora Laura Tilvic Managing Business
About the Book
Eleonora Laura Tilvic Managing Business


Part 1

Explain how the different departments in CCC would need to work together for the organisation to effectively meet their goals. Identify at least 5 departmental links

An organization can effectively attain its goals if all the departments work together to fulfil the purpose of the organization. The cool car company has the following departments;Collaborating the functioning of various departments towards achieving organizational goals is identified as an efficient tool.At CCC the method to achieve the objective of the firm would be analysing the current state of the firm and then mapping it with where does the organization want to reach in the future would be effective. Senior management should be vigilant to see that different departments are working in coordination.(Jump Business Solutions, 2014)

Eleonora Laura Tilvic Managing Business

At the CCC the deaprtments functgion together and are linked to each otherThe Marketing team at CCC conducts market researches to find efficient ways to sell the cars at best prices.It also has the promontional department that decides which promotional measure will attract more clientele. Once the customers are arrtracted by the activities of the marketing department, the sales team conducts the final stage of marketing procees that is composed of devising the 4P’s of the company. The buying team at CCC buys old cars and the sale steam sells them maintaining profits

Explain the processes that CCC might go through to identify their aims and objectives and ensure that the company’s operations enable them to meet them

Book Club Resources
Disclosure of Material Connection: Some of the links in the page above are "affiliate links." This means if you click on the link and purchase the item, I will receive an affiliate commission. I am disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255: "Guides Concerning the Use of Endorsements and Testimonials in Advertising."

Maddox Smith

Greetings for the day !
Hope that you’re well !

We want to introduce ourselves as a team of professionals who are into academic writing for the last 10+ years. We can provide assignment assistance in all subjects. Our experts can provide solutions across all the topics right from Management, HR, Marketing, Finance & Accounts, Statistics, IT, childcare, nursing, law, and general writing. We provide plagiarism free work and also send a ‘Turnitin’ report along with completed work. Our services are available at reasonable cost; we entertain amendment requests from clients without any extra charges.

Our Feature Included

Ø Every assignment includes graphical representation like pie chart, bar graph, smart art and all.
Ø Free 0% plagiarism report
Ø Expert team for technical work as well.
Ø On time delivery
Ø Multiple rework facility
Ø Huge team of expert in each subject
Ø Referencing like: Harvard, APA, MLA, Oscola, automatic referencing all are familiar to our experts.

Subject we cover: Math , finance, economics, accounts, civil engineering, mechanical engineering, IT, Computer science, electrical and electronics engineering, history, geography, political science, sociology, physiology, philosophy, biology, microbiology, biotechnology, biotechnology, B-school assignments, project report, psychology, nursing assignments, medical assignments, Tourists and travelling assignments all kinds of dissertation and so on

Best Regards:
Oz Paper Help
WhatsApp:+1 585-666-2225
1 Step 1