Need help answering the following questions.
Q1. What market structure best describes the structure under which your organization operates? My organization is Education. Identify one challenge and one opportunity that arise from this and how the firm might use these for strategic advantage.
Q2. Can you think of a product that meets at least most of the criteria required for a perfectly competitive market? Which criteria does it fail to meet?
Q3. According to Coase's theory of the firm, why do firms exist? How do firms contribute to the efficiency of the market economy in ways that 'networks of independent contractors' do not? How are the boundaries of the firm best established?