Read articles and answer all questionsDiscussion Questions for Chapter 5: “Farmers Dump Milk, Break...

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Read articles and answer all questionsDiscussion Questions for Chapter 5: “Farmers Dump Milk, Break Eggs as Coronavirus Restaurant Closings Destroy Demand”https://tinyurl.com/ydlvjy7gWhat is happening to the demand for Milk and Eggs? Why?How would you argue that the producers of Milk (and eggs, cheese) areperfectly competitive?How would you argue that some small milk producing firms, Nancy Mueller’s Wisconsin dairy farm aremonopolistically competitive?NOT in the article: How would you argue that the major cheese producers, such as Kraft and Sargento, areoligopolistic?Chapter 6 Discussion Questions:“What the New Airlines Avelo and Breeze Mean For U.S. Aviation”and“IBM to split into two as it reinvents itself” and “IBM Splits Into Two Companies”“What the New Airlines…” article:What The New Airlines Avelo And Breeze Mean For U.S. Aviation.pdfDescribe Avelo and Breeze’s approach and how theirs differ from the approach taken by others.Describe any barriers to entry that these companies, including Avelo and Breeze, are likely to encounter in this market. Are they structural and/or strategic barriers? Explain.Two“IBM…”articles mentioned above:https://www.bbc.com/news/business XXXXXXXXXXIBM Splits Into Two Companies.pdfWhich market is IBM exiting? Why? [That is: What issues are leading to this decision?]Describe any barriers to exit you would expect IBM to face.Will this exit be likely to hurt company profits in the short run? In the long run?

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Running Head: ECONOMICS								1
ECONOMICS 										3
ECONOMICS
Table of Contents
Chapter 5 Discussion for Chapter 5	3
1.	3
2.	3
3.	3
4.	3
Chapter 6 Discussion for Forbes Article	4
1.	4
2.	4
Chapter 6 Discussion for BBC News	5
1.	5
2.	5
3.	5
References	6
Chapter 5 Discussion for Chapter 5
1.
As mentioned by Newman and Bunge (2020), consumption of milk and eggs has been halted by the corona virus. These items were no longer in high demand since many restaurants shut down and the need for them went away. Agricultural supplies are thrown off kilter and foodservice establishments such as restaurants, motels and cafes lose out. Despite the fact that supermarkets are scrambling to replenish their stock it is difficult to find items for restaurants at supermarkets that are the proper size, packaging and labelled correctly.
2.
Secondly, since there are so many farmers producing agricultural goods, the market for dairy products such as milk, eggs and so on is completely competitive. According to Newman and Bunge (2020), as a result, customers are unable to tell the difference between similar items made by various companies. Milk producers, on the other hand, are unable to control the price of their goods since they accept market pricing for milk and other products.
3.
Mueller's Wisconsin Dairy Products, for example, is a small dairy company that uses product differentiation to remain competitive. As a result, their goods are at least marginally distinctive from those of their competitors.
4.
Because of the influence of a small number of dealers, large cheese makers such as Kraft see the market as an oligopoly. Because it is one of the world's top three food processing firms,

Read articles and answer all questions Discussion Questions for Chapter 5: “Farmers Dump Milk, Break Eggs as Coronavirus Restaurant Closings Destroy Demand” https://tinyurl.com/ydlvjy7g What is...

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