February 21, 2017

Homework Help: Managerial Economics

Posted by Linda on Wednesday, June 24, 2009 at 7:46pm.

I need help with these questions

1. The structure of the market in which JetBlue operates (i.e. how competitive is it--monopolistic, oligopolistic, competitive, monopolistically competitive)? If your company turns out to have several huge, unrelated divisions--say forestry and cosmetics--you may choose to focus on just one division and discuss just that market.

2. What is JetBluee position in this market? Who are its closest competitors? To what extent do your company's decisions about pricing and output affect other firms in the industry?

3. What is the outlook for this industry in general and for JetBlue in particular? Are future prospects for its product(s) good, or likely threatened by newer products and emerging technologies?

4. Is there anything else that might have an impact on JetBlue future long-term government contracts, scandals, possible mergers, improved technologies, potentially ruinous lawsuits? How might they affect the company?

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