Market Structures!

This is our economics project.

By Landon Berry, Matt McCoy, Connor Russell (not Andy; he broke his brain)

Dunder Mifflin

Dunder Mifflin Inc. is a micro-cap regional paper and office supply distributor with an emphasis on servicing small-business clients. The corporate office is based in New York City. Dunder Mifflin has branches in Buffalo, Albany, Utica, Scranton, Akron, Camden, Nashua and Yonkers.

DMI falls into a monopolistic competitive market structure, as there are many producers and consumers in the market. Barriers include education and licencing requirements. Producers have a degree of control over price, but as DMI is a smaller, regional company, prices must remain competitive with larger office supply sellers (Staples, OfficeMax, etc.) As Dunder Mifflin is a retail-trade corporation, and exists in a market with many small firms, it therefore exists in a market structure of monopolistic competition.

Wayne Enterprises

Wayne Enterprises (also known as Wayne Industries) is a public corporation primarily operating as a military defense contractor, but also includes several subsidiaries (Wayne Pharmaceuticals, Wayne Biotech, Wayne Technologies, Wayne Aviation, Wayne Records, Wayne Botanical, etc.) The company is owned by public shareholders, with chairman Bruce Wayne possessing 51% of the company. Forbes estimated Wayne Enterprises' net worth at 22.36 billion dollars. Wayne Enterprises is run by CEO and Senior Vice President of Finance, Lucius Fox. The company operates in a monopolistic market structure; it controls over 85% of the market share in military defense research & development, as well as using vertical integration in virtually all aspects of operation (eg. Wayne Oil provides fuel to transport raw materials from Wayne Mining to produce product at Wayne Steel.) This, along with virtual lack of competition, and the exhibition of supernormal profit, allows Wayne Enterprises to operate as a monopoly.

Monsters, Inc.

Monsters, Inc.'s main duty is to provide all citizens in Monstropolis with energy in the form of captured screams collected from children. They accomplish this by crossing into the human world through the closets of children's bedrooms and scaring them to the best of their ability, causing the children to scream The screams are then collected in special canisters for use as energy. The company's operations are based in a massive factory-like facility. Scaring takes places in rooms called "Scare Floors," where the monsters cross over into the human world using the doors of the children's closets. The company is headed by CEO and President, James Waternoose. The company operates as a regional monopoly; it is the only power supplier in the city of Monstropolis and therefore has no competition. This complete absence of competition, along with barriers of entry (the entire city is powered by the company; the infrastructure required to establish a new power company, when there is already one one operating monopolistically, would be immense) allows Monsters, Inc. to operate in a monopolistic market structure.

Los Pollos Hermanos

Los Pollos Hermanos is a fast-food restaurant chain based in Albuquerque, NM, and operating in the southwestern United States, specializing in fried chicken. The company was founded by owner Gustavo Fring and Max Arciniega. Los Pollos Hermanos has 14 locations across the southwest. The chain is a subsidiary of German conglomerate Madrigal Electromotive, which holds an ownership stake in the company. The company operates within a oligopolistic market structure, as there are many different companies offering many similar products. The company relies heavily on advertising and competitive prices, as well as differentiated products. These factors contribute to Los Pollos Hermanos operating as a oligopoly.