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ECN150 module 6 assignment




Question;PART;I;Directions;Write;a 3 to 4 page APA-formatted paper in which you address the questions;below. Use at least three cited;references that are peer-reviewed sources.;Please utilize LIRN to help you get started with your search. You may visit the Academic Resource Center;for a guide on how to utilize LIRN successfully.;1. Choose;four real-world companies, respectively one for each market structure type -;Perfect Competition, Monopoly, Oligopoly, and Monopolistic Competition.;2. Explain;why the companies fit in the respective categories.;3. Compare;and contrast the four companies with regards to their market structure;characteristics, including, but not limited to: barriers to entry, number of;firms in the market, short-term and long-term profits, price elasticity of demand;etc.;PART;II;In;addition to the textbook readings, you watched hours of videos from experts in;microeconomic theory at world class institutions. You have also read competing position papers;from three major economists in the world today and Nobel Prize-winning;theorists. Write a three page;APA-formatted paper on the general competing theories between economists in;today?s market as they relate to microeconomic theory. Who are the theorists, what do they posit;and how do they support their work? Be;sure to use at least four sourced, peer-reviewed, and cited references in your;work.;PART;III: Reflection;Essay;After;watching the video from MIT this unit, write a one page summary about your;primary take-away from Gruber?s video.


Paper#56546 | Written in 18-Jul-2015

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