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ECO 204 Ashford University Final Paper

Question # 00000272
Subject: Economics
Due on: 08/02/2013
Posted On: 07/31/2013 01:32 PM

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Market Structure

In an eight-to ten-page paper, describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, monopoly), provide a real-life example of each market, and respond to the following for each market structure:

  1. Indicate how high entry barriers into a market will influence :
    1. Long-run profitability of the firms
    2. Cost efficiency of the firms in the industry
    3. Likelihood that some inefficient firms will survive
    4. Incentive of entrepreneurs to develop substitutes for the product supplied by the firms
  2. Are competitive pressures present in markets with high barriers to entry? Explain.
  3. Describe which market structure you would prefer for selling products. Explain why and support your answer with the characteristics of that market.
  4. Describe which market structure you would prefer for buying products. Explain why and support your answer with the characteristics of that market.
  5. How does each market structure respond to price changes of the products that they sell? Explain whether each market structure will be selling elastic or inelastic products, and how this will affect the market price charged.
  6. How does the role of the government affect each market structure’s ability to price their products?
  7. How does international trade affect each market structure?

Your paper will need to include a title page, reference page, and in-text citations that are formatted in accordance with APA style as outlined in the Ashford Writing Center . Also, your content should be eight to ten pages, which does not include your reference or title page. You will need to include five academic sources from the Ashford University Library to include in your paper as part of your research to support your work and 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:
    1. Title of paper
    2. Student's name
    3. Course name and number
    4. Instructor's name
    5. 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.

Tags paper final university ashford market structure paper style include page products explain does firms outlined guide final ashford reference affect price support approved characteristics library answer high respond prefer university sources need title course

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ECO 204 Ashford University Final Paper

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Market_structures_and_their_impact_on_business.docx (54.74 KB)
Preview: But xxxxxxx of xxx number of xxxxxx in the xxxxxxx competition xxx xxxxxxxxx or xxx players are xxxx of price xxxxxx than xxxxx xxxxxx Whatever xxxxxxxx profits that xxxx were earning xxxxxx the xxxxx xxx would xxxx to expansion xx production which xxxxx force xxxx xxxxxxxx in xxx market As x result, the xxxxx need xx xx cut xxxx and the xxx result is xxxx in xxx xxxx term xxxxxxxxxxxxx would decline xxxxx this is xxx case, xxxxx xxxxxxxx would xxxxx be high xx the case xx perfect xxxxxxxxxx xxxx often xxxx not perfect xxxxxxxxxxx is used xxx measuring xxx xxxxxxxxxxx of xxxxx forms of xxxxxx structures This xx because xx xxxx case, xxx players are xxxxxx to be xxxxxxxxx This xxxxxxx xx the xxxx of cost xx well as xxxxxxxxx of xxxxx xxx these xxxxxx the price xx P is xxxxx to xxxxxxxx xxxx or xx (P=MC) As xxx calculations, the xxxxxxx level xx xxxxxxxxxx is xxxxxxx when price xx equal to xxxxxxx cost xxxxxxx xx the xxxxxxxxx of the xxxxxx the level xx not xxxxxxx xx the xxxxx run but xx the long xxx The xxxx xxxxxxxxx applies xxx for sometime xxxx the inefficient xxxxx can xxxx xxxxxxx in xxx market But xxxxx the long xxxx impact, xxxx xxxx to xxxxxx One of xxx pre-requisite of xxxx form xx xxxxxx is xxxx the products xxxxxx be proper xxxxxxxxxxx of xxxx xxxxx and xx if firms xxxx to earn xxxxxxxxx profit xxxx xxxxx develop xxxx products which xxxxx go away xx the xxxx xxx An xxxxxxx of this xxxx of market xxxxx be xxx xxxxx market xxxx is international xxxxxx where all xxx characteristics xxx xxxxxxxx Competitive xxxxxxxx and entry xxx exit As xxxxxxxxx earlier, xx xxx case xx perfect competition, xxxxxxx of the xxxx of xxxxxx xxxxxxxxx that xx present, the xxxx of competition xx quite xxxx xxxx means xxxx when a xxxx wants to xxxxx into xxx xxxxxx it xxx to face xxxxxxxxxxx and that xx because xx xxx high xxxxxx of firms xx the market xxxxxxx or xxxxxx xxxxxxxx If xxxxx a chance, xx the case xx perfect xxxxxxxxxxx x would xxxx to buy xxxxxxx rather than xxxx it xxxx xxxxxx applies xxxxxxx in the xxxx of selling xxxxxxxxx I xxxxx xx forced xx take the xxxxx which is xxxxxxxx in xxx xxxxxx and xx most cases xx is low xxx for xxxxxx xx would xx good since xxx price would xx low xxxxxxxxxx xxx international xxxxx effects In xxxx of perfect xxxxxxxxxxxx the xxxxxxxxxx xxx some xxxxxxxxx role to xxxx and at xxxx a xxxxxx xxxx decide xxxx the kind xx subsidies that xxxxx to xx xxxxx On xxx other hand, xx the.....
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