he U.S. Postal Service is facing increased competition from firms providing overnight delivery of packages and letters. Additional competition has emerged because communications can be sent by emails, fax machine, and text messaging. Discuss the impact that these direct and indirect competitors have had on supply and demand and profitability of the USPS. Identify key competitors and how they are causing a shift in demand.

he U.S. Postal Service is facing increased competition from firms providing overnight delivery of packages and letters. Additional competition has emerged because communications can be sent by emails, fax machine, and text messaging. Discuss the impact that these direct and indirect competitors have had on supply and demand and profitability of the USPS. Identify key competitors and how they are causing a shift in demand.

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter9: Monopoly

Section: Chapter Questions

Problem 16SQ

See similar textbooks

Similar questions

An Integrated Supply-Demand Approach to Solving Optimal Relocations in Station-Based Carsharing Systems. Supply and Demand graphs to illustrate the article. Elaborate on the Elasticity of Demand the selected product or service in the article. Explain the reasons behind this outcome.
It refers to the factor or consideration exhibited by a company, service, product or brand as the reason that one product or service is different from and better than the others and that enables it to stand out from competitors.
The patterns in demand can seem mysterious at first, but if you familiarize yourself with the ideas contained in customer demand theory, you can make reliable predictions about customer behavior. Many thinkers over many years developed this theory, and it helps anticipate reactions to changes in the way people market products and services." Source: Johnston, K. (2023). https://smallbusiness.chron.com/customer-demand-theory-37253.html Based on the scenario above discuss the demand determinants. Provide clear commodity examples in your discussion.
Suppose you own a tax preparation services company, with fixed costs of $3,000/month and marginal costs of $25/appt.If the price is $60/appt, 500 appointments would be sold. If the price is $50/appt, 760appointments would be sold. a.)Use these figures to calculate the price elasticity of demand for your services. b.)Calculate the monthly profits and profit margins (profit/revenue) associated with the price of $60/appt and $50/appt. c.)Given these calculations, what price should you charge for your services, $50/apptor $60/appt? Explain
Plotted through point E are two demand curves; one is relatively elastic, and the other is relatively inelastic. Each demand curve also has its own marginal revenue (MR) curve. Merge these curves into a kinked demand curve by moving the curves' endpoints to remove the unwanted sections of the curves. Then, adjust the marginal revenue curves to properly accompany the new kinked demand curve. Price ($) 500 450 400 350 300 250 200 150 100 50 0 0 2 4 6 E MR 2 8 10 Quantity 12 14 Demand 1 16 MR 1 Demand 2 18 80 Question 20
Where do opportunities reside in improving supplychain operations and how has VSM helped to revealthese?
You are an owner of a local Toyota dealership. Your dealership earned record profits of 13 million. In your market, you compete against two other dealers, and the market-level price elasticity of demand for Toyota cars is -1.5. The marginal cost of a car is 120000. What price should you charge for a Toyota car if you expect to maintain your profits?
How is Demand for an individual brand is more elastic than industry aggregate demand.
Critically evaluate any two products (name of the product, specifications of theproduct, manufacturers details etc) of electronics goods or automobile goods and justify which brand product is the market leader in Oman and discuss what are the marketing strategiesrequired to make a good decision to be a market leader.
A university football team faces the following demand schedule shown for tickets for each home game it plays. The team plays in a stadium that holds 60,000 fans. It estimates that its marginal cost of attendance, and thus for tickets sold, is zero. The table below reflects this data: Price per Ticket ($) Tickets per Game 100 80 60 40 20 0 Total revenue = $ 20,000 40,000 60,000 80,000 100,000 Using this information, calculate how much total revenue the team will earn.
Consider a market with a monopoly firm. Sales revenue of this firm is $10,340,000$⁢10,340,000, total cost is $4,400,000$⁢4,400,000, and average cost is $2.00$⁢2.00. Another firm wants to enter the market and provide the same product at a lower price. To intimidate the potential competitor, the monopoly firm intends to use predatory pricing.By how much can this firm reduce the price of its product without losses? Enter your answer in the box below and round to two decimal places if necessary.
Define the term Revenue?