ECO365 week 4 Differentiating Between Market Structures in Kudler (****** Part 1 and 2 + Table + APA Format + Conclusion + References *****)
For this assignment, you will choose from the following options:
o Option 1: Differentiating Between Market Structures in Kudler
o Option 2: Differentiating Between Market Structures in an Organization of Your Choice
Read the instructions in the University of Phoenix Material: Differentiating Between Market Structureslocated on the student website and select one option to complete the assignment.
IndividualDifferentiating Between Market Structures Simulation
1) Createa table comparing and contrasting the various characteristics of the four market structures.
Format your table as follows:
? Column headings should be the four market structures:
o Perfect competition
o Monopolistic competition
? Use the following row headings to help explain the basis for your market characterization:
o Example of an organization
o Goods or services produced by the organization
o Barriers to entry
o Numbers of organizations
o Price elasticity of demand
o Economic profits: Is there a presence of economic profits?
2) Once the table is completed, write a paper of approximately 1,800 words synthesizing, summarizing and analyzing the market structures. Use examples if possible. Address the following in the synthesis/summary/analysis:
? Select an organization with which you are familiar. Identify the market structure of the organization. Evaluate the effectiveness of this structure.
? Analyze how organizations in each market structure maximize profits.
? What is the implication of the elasticity of demand for sales promotion and customer loyalty?
? How did the market structure emerge? What barriers may have given rise to the structure? Were there economies of scale?
Format your paper consistent with APA guidelines.
ECO365 ECO/365 ECO 365 Week 4 Individual Assignment Differentiating Between Market Structures
ECO 365 ECO/365 ECO365 Week 4 Assignment Differentiating Between Market Structures
ECO 365 Week 4 Individual Assignment Differentiating Between Market Structures