Market Structure Analysis in Covid-19 Pandemic: A Case Study
Author(s): Dr. Saransh Rajoriya
Publication #: 2006004
Date of Publication: 22.12.2020
Country: India
Pages: 20-23
Published In: Volume 6 Issue 6 December-2020
Abstract
The COVID-19 pandemic has caused significant disruptions in various industries and sectors, resulting in a profound impact on global markets. This research paper delves into the consequences of the pandemic on market structures, specifically focusing on how different market structures have responded to the crisis. The paper thoroughly examines the behavior of firms operating in diverse market structures, such as perfect competition, monopoly, oligopoly, and monopolistic competition, and scrutinizes the strategies they have adopted to tackle the challenges brought about by the pandemic. Additionally, the paper delves into the role played by government intervention and regulatory policies in alleviating the adverse effects of the crisis on market structures. By conducting this comprehensive analysis, the paper aims to offer valuable insights into the resilience displayed by various market structures in the face of unparalleled challenges.
Keywords: COVID-19 pandemic, Airlines industry, Retail sector, Passenger traffic, Revenue losses, Government support, Capacity reduction, Online sales growth, Store closures, Job losses, Resilience, Adaptability, Recovery strategies, Market dynamics
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