market structure and the elasticity of demand

Develop a 1,400-word evaluation of pricing strategies, This
will include statements about the market structure and the elasticity of demand
for the product, based on text book principles and real world products under

Identify the market structure of the industry (monopoly,
oligopoly, competitive monopoly). Determine elasticity of demand for various
quality ranges of the product based on textbook theory and judgments about the
degree of luxury vs. necessity represented by various brands (e.g. a luxury car
vs an economy car). Determine how pricing relates to elasticity of demand for
competing models. Explain how changes in the quantity supplied as a result of
pricing decisions might affect the company's marginal cost, marginal revenue,
and market share as production volume rises. What reaction might be expected by
other producers if one producer changes its pricing strategy? Determine
strategies that a company might use to develop product differentiation and
market segmentation. What alternative non-pricing strategies are available?
What alternative non-pricing strategies can be used to increase barriers to
entry? Discuss how producers might alter the mix of fixed and variable costs to
support their pricing strategy.
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