You have been hired as a consultant by
your local mayor to look at the various market structures. Your role is to
provide analysis and answers to these important questions that will help the
mayor understand the structures of many of the businesses in his city:
1.Describe each market structure discussed in the course
(perfect competition, monopolistic competition, oligopoly, and monopoly) and
discuss two of the market characteristics of each market structure.
2.Identify one real-life example of a market structure in
your local city and relate your example to each of the characteristics of the
3.Describe how high entry barriers into a market will
influence long-run profitability of the firms.
4.Explain the competitive pressures that are present in
markets with high barriers to entry.
5.Explain the price elasticity of demand in each market
structure and its effect on pricing of its products in each market.
6.Describe how the role of the government affects each
market structure’s ability to price its products.
7.Discuss the effect of international trade on each market
Your paper will need
to include a title page, a reference page, and in-text citations properly
formatted according to the APA style guide. Also, your content should be eight
to ten pages, which does not include your reference or title page. You will
need to include at least five scholarly sources from the Ashford Library in
your paper as part of your research to support your analysis.
Writing the Final Paper
The Final Paper:
1.Must be eight to ten double-spaced pages in length and
formatted according to APA style as outlined in the approved APA style guide.
2.Must include a cover page that includes: a.Title of paper
c.Course name and number
3.Must include an introductory paragraph with a succinct
4.Must address the topic of the paper with critical thought.
5.Must conclude with a restatement of the thesis and a
6.Must use at least five scholarly resources from the
Ashford University Library.
7.Must use APA style as outlined in the approved APA style
guide to document all sources.
8.Must include, on the final page, a Reference Page that is
completed according to APA style as outlined in the approved APA style guide