Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order.

Week 4 Assignment

Need help in selecting a factual business example to answer the following questions for this essay.

  • Distinguish among four market structures: perfect competition, monopolistic competition, oligopoly, and monopoly in this order.
  • Identify your company’s market structure (i.e., perfect competition, monopolistic competition, oligopoly, and monopoly), explaining your reasoning.
  • Examine whether competitive pressures are present in your company’s industry with high barriers to entry.
  • Evaluate how high barriers to entry into the industry may influence your company’s long-run profitability.
  • Explain the price elasticity of demand in your company’s market structure and its effect on your company’s pricing decision.
  • Investigate whether government regulations encourage or discourage your business relative to its industry.
  • Analyze how the role of the government may affect your market structure’s ability to price its products.

 

The Market Structures paper

13 hours ago

REQUIREMENTS

6 pages, Double Spacing ashford university ECO204

Economics

Answer preview………………

apa 1824 words

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