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ECO204 Final Paper




Question;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: a.Title of paper;b.Student's name;c.Course name and number;d.Instructor's name;e.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


Paper#58135 | Written in 18-Jul-2015

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