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Question # 00040705
Subject: Economics
Due on: 01/13/2015
Posted On: 01/06/2015 09:04 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:
    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.
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Market Structure

Tutorial # 00040305
Posted On: 01/10/2015 06:19 PM
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Market_Structure.docx (25.7 KB)
Preview: to xxxxxxx better xxxxxxx them and xxxx the largest xxxxxx share xxxx xxx also xx pressure to xxxxx with others xxxxxxx the xxxxxx xx control xxx market Price xxxxxxxxxx of Demand xxx the xxxxxx xxxxxxxxxxxxxxx elasticity xx demand is xxxxxxx as the xxxxxxxxxxxxxx in xxxxxxxx xx goods xx services demanded xx a change xx its xxxxx xxxxxxx Competition:The xxxxxxx competition is x buyers’ market xxx to xxxx xxxxxxxxxxx prices xxxx to be xxxxxxxxxxx Increase in xxxxxxx of xxx xxxx would xxxx loss of xxxxxxxxx for it xxx gain xxx xxxxxx offering x more competitive xxxxx Monopolistic Competition:This xxxxxx structure xx xxx most xxxxxxxx visible in xxx economies of xxx world xxx xxxxx elasticity xx this market xxxxxxxxx depends on xxxxxxx the xxxxxxxx xx the xxxxxx In an xxxxxxxx market, firms xxx trying xx xxxxx up xxxxx market share xxx would offer xxxxxx that xxx xxxxxxxxxxx But xxxxxxxxx once the xxxxxx develops and xxx firm xxxxxxx xx build xxxxx loyalty they xxxxx decide the xxxxxxx price xxx xxxxxx the xxxxxx on the xxxxx of its xxxxxxxx Monopoly:In x xxxxxxxxxxxx market, xxx demand is xxxxxxxxx Since there xx only xxx xxxxxx catering xx the needs xx the buyers xxx price xxxx xxxxx is xxx only option xxx demand remains xxx same xxxxxxxxxxxx xx the xxxxx change Oligopoly:The xxxxxxxx of a xxx players xxxxx xxxx there xx competition among xxx few present xxx market xxxxxxx xx both xxxxxx and sellers, xxx there are xxxxxxxxxx and xxxxxxxxxxxxx xxx both xxxxxxxxxx and International xxxxxxxxxxxxx Competition:In a xxxxxx situation xx xxxxxxx competition xxx role of xxxxxxxxxx is prominent xxxx play x xxxxx role xxxxx determining the xxxx of subsidies xxxx are xxxxx xxxxxxxxxxxxx markets xxx increase the xxxxx of competition xx the xxxxx xxxxxxxx are xxxx This usually xxx two effects xx the xxxxxxx xx may xxxxxx the structure xxxxxxxxxx or it xxxxx make xxx xxxxxx structure xxxx more stern xxxxxx KJ, (n xxx Monopolistic xxxxxxxxxxxxxxx xxxxxxxxxxx intervention xx this market xxxxxxxxx depends on xxx kind xx xxxxxxxx sold xx the products xxxxx sold are xx high xxxxx xx importance xxx government’s interventions xxxxx be to xxxxxx the xxxxxxxxxxx xx this xxxx of market xxxxxxx this market xx international xxxxx xxxxx result xx increase in xxx size of xxx market xxxx xxxxxxxx would xxxx to rise xx competition and xxxxx would xxx xx any xxxxx benefit (“The xxxx Market Illusion xxxxxxxxxxxxxxxxx (n x xxxxxxxxxxxxx government’s xxxxxxxxxxxx in this xxxxxxxxx is to xxxx policies xx xxxxx this xxxxxxxxx This would xxxxxxxx impact the xxxxxxxxxxx of xxx xxxxxx The xxxx may either xxxxxx or lose xxx on xxx xxxxxxxxx Opening xxxx market to xxxxxxxxxxxxx trade would xxxxxxxx the xxxxxxxxxxx xxx may xxxxxx in an xxxxxxxxxx in the xxxxxx structure xxxxxxxx xxxxxx (n x )) Oligopoly xxxxx is not xxxx interference xx xxx part xx the government xx these markets xx there xx xxx kind xx.....
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