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 Ash Library in your paper as part of your research to support your analysis
Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.
Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.