Outline A Plan That Will Assess The Effectiveness Of The Market

OPERATIONS DECISION: LOW CALORIE MICROWAVABLE FOOD COMPANYStudent’s name:Course title:Date:Professor’s Name:OPERATIONS DECISION: LOW CALORIE MICROWAVABLE FOOD COMPANYThis company operates in a monopolistic market structure. Monopolistic competition is defined by identifiable characteristics, which set such market apart and different from the rest. In this case, the fact that there are many producers and consumers of the product qualify the market as monopolistic. Also, producers have a small extent of control to the price of their products. For instance, price elasticity is 1.1, which imply that an increase in price by 1% results into a decrease in quantity demanded by a similar margin. This degree of control over prices implies that a company sets its products different from the rest, which guarantees a small price increase. Furthermore, the market is monopolistic since no business has control over the marketplace. Health Choice, Inc. for instance undertakes different activities to gain control over the market, especially advertising activities. Monopolistic markets also come with similar products that are differentiated from one another.Plan to Assess Effectiveness of Market StructureThe effectiveness of this market is best analyzed by pricing decisions and strategies, therein. For a