Market Power from Monopoly
1. Chapter 6 – Market Power from Monopoly
In chapter 6 we talked about the concept of market power. Company who dominant market share of industry has power to decide market price. Let us apply this concept into our personal career life.
#1. How do you gain your career power in order to let you have power to decide your salary?
2. Chapter 7 – Company’s Demand Estimation
In chapter 7 we learned the concept of demand estimation and why demand estimation is important for company to maintain marketing balance. Let us apply this concept on a personal level. For example, you can apply this concept to your future career search.
#2. If you were a product in job search market, how do you estimate the product’s future demand?
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