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ECO204 Final Paper

Question # 00000150
Subject: Economics
Due on: 07/24/2013
Posted On: 07/20/2013 02:05 PM

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Market Structure

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 market.

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 structure.

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

b.Student's name

c.Course name and number

d.Instructor's name

e.Date submitted

3.Must include an introductory paragraph with a succinct thesis statement.

4.Must address the topic of the paper with critical thought.

5.Must conclude with a restatement of the thesis and a conclusion paragraph.

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

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Market structures and their impact on business

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Posted On: 07/20/2013 02:07 PM
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market_structures_and_their_impact_on_business_0_(1).docx (54.96 KB)
Preview: able xx enter xxxx this kind xx setup, there xxx various xxxxxxxxxxxxxx xxxx need xx be kept xx mind Entry xxx exit xxxxxxxx xxxxx and xxxxxxxxxxxxx are related xxxxxxxx In case xx high xxxxxxxxxxxxxx xxx entry xx firms is xxxx and vice xxxxx But xxxxxxx xx the xxxxxx of firms, xx the perfect xxxxxxxxxxx the xxxxxxxxx xx the xxxxxxx are more xx price takers xxxx price xxxxxx xxxxxxxx abnormal xxxxxxx that they xxxx earning during xxx short xxx xxxxx lead xx expansion in xxxxxxxxxx which would xxxxx more xxxxxxxx xx the xxxxxx As a xxxxxxx the price xxxx to xx xxx down xxx the end xxxxxx is that xx the xxxx xxxx profitability xxxxx decline Since xxxx is the xxxxx entry xxxxxxxx xxxxx never xx high in xxx case of xxxxxxx completion xxxx xxxxx than xxx perfect competition xx used for xxxxxxxxx the xxxxxxxxxxx xx other xxxxx of market xxxxxxxxxx This is xxxxxxx in xxxx xxxxx the xxxxxxx are forced xx be efficient xxxx applies xx xxx term xx cost as xxxx as economies xx scale xxx xxxxx cases, xxx price or x is equal xx marginal xxxx xx MC xxxxxx As per xxxxxxxxxxxxx the highest xxxxx of xxxxxxxxxx xx reached xxxx price is xxxxx to average xxxx Because xx xxx structure xx the market xxx level is xxx reached xx xxx short xxx but in xxx long run xxx same xxxxxxxxx xxxxxxx and xxx sometime even xxx inefficient firms xxx also xxxxxxx xx the xxxxxx But given xxx long term xxxxxxx they xxxx xx vanish xxx of the xxxxxxxxxxxxx of this xxxx of xxxxxx xx that xxx products should xx proper substitutes xx each xxxxx xxx so xx firms want xx earn short-run xxxxxx they xxxxx xxxxxxx such xxxxxxxx which would xx away in xxx long xxx xx example xx this form xx market would xx the xxxxx xxxxxx This xx international market xxxxx all the xxxxxxxxxxxxxxx are xxxxxxxx xxxxxxxxxxx pressure xxx entry and xxxx As discussed xxxxxxxx in xxx xxxx of xxxxxxx competition, because xx the kind xx market xxxxxxxxx xxxx is xxxxxxxx the rate xx competition is xxxxx high xxxx xxxxx that xxxx a firm xxxxx to enter xxxx the xxxxxx xx has xx face competition xxx that is xxxxxxx of xxx xxxx number xx firms in xxx market Selling xx buying xxxxxxxx xx given x chance, in xxx case of xxxxxxx competition x xxxxx like xx buy product xxxxxx than sell xx This xxxxxx xxxxxxx because xx the case xx selling products, x would xx xxxxxx to xxxx the price xxxxx is relevant xx the xxxxxx xxx in xxxx cases it xx low But xxx buying xx xxxxx be xxxx since the xxxxx would be.....
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