ECO 204 : MARKET STRUCTURE-APA FORMAT WITH REFERENCES-ORIGINALITY CERTIFICATE ATTACHED - 22617

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This assigment is for Ashford University, Not University of Phoenix. Please only serious help! I need help with the questions more than anything else. 

 

In an eight-to ten-page paper, describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, monopoly), provide a real-life example of each market, and respond to the following for each market structure: 5 Ashford Library resources.

 

  1. Indicate how high entry barriers into a Perfect competition will influence  

 

  • Long-run profitability of the firms
  • Cost efficiency of the firms in the industry
  • Likelihood that some inefficient firms will survive
  • Incentive of entrepreneurs to develop substitutes for the product supplied by the firms

 

 

 

      2. Are competitive pressures present in markets with high barriers to entry? Explain.

 

      3. Describe which market structure you would prefer for selling products. Explain why and                 support your answer with the characteristics of that market.

 

      4. Describe which market structure you would prefer for buying products. Explain why and                 support your answer with the characteristics of that market.

 

      5. How does each market structure respond to price changes of the products that they sell?             Explain whether each market structure will be selling elastic or inelastic products,  and how           this will affect the market price charged.

 

       

 

       6. How does the role of the government affect each market structure’s  ability to price their              products?
        

       7.  How does international trade affect each market structure?

Solution Description

Hi,I have done it as per your requirements.Feel free to cont

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